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17:37, 05-Dec-2018
Turkey's central bank sticks to 5 percent inflation target for 2019
Updated
17:10, 08-Dec-2018
CGTN
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Turkey's central bank said on Wednesday it would stick to a target of five percent inflation for 2019, an ambitious goal given that the inflation rate now hovers at more than 21 percent, near a 15-year high.
In its monetary and exchange rate policy for 2019, released on Wednesday, the bank said its first objective was to bring down the inflation rate to single digits, and then gradually reduce it and stabilize it at around five percent.
Source(s): Reuters
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Copyright © 2018 CGTN. Beijing ICP prepared NO.16065310-3
Copyright © 2018 CGTN. Beijing ICP prepared NO.16065310-3