Economy: Turkey's CB sees 5% inflation in coming years

27 December, 12:25

(ANSAmed) - ANKARA, DECEMBER 27 - The Central Bank of Turkey forecast on Tuesday 5% year-end inflation rate for the following three years, as Anatolia news agency reports. Central Bank Governor Erdem Basci said the year-end inflation rate target for 2012, 2013 and 2014 was 5%. "We will not only focus on price stability but also go on with ensuring financial stability," Basci told a press conference in Ankara. Turkey envisages 10% inflation rate by the end of 2011. (ANSAmed).

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