Depreciation could raise Turkish inflation

Depreciation in the lira is hampering Turkey’s efforts to bring inflation back into single digits, putting the central bank in an uncomfortable position as the country considers in the autumn of 2008 whether to agree a new deal with the International Monetary Fund.

ESO: Background information: Business urges Istanbul to strike IMF deal http://www.europeansources.info/record/business-urges-istanbul-to-strike-imf-deal/

International Monetary Fund: Country information: Turkey and the IMF http://www.imf.org/external/country/TUR/index.htm

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