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Featured UKEU relations Keir Starmer Avrupa Newspaper UK aavrupa ajansı Mahmud Sami Karahasanoğlu


IMF warns Turkey over monetary policy

The IMF has urged Turkey to make changes to its monetary policy amid fears that their 5% inflation and credit growth target is below global inflation. A report from the IMF showed a 3.8% growth for Turkey this year, with a predicted 3.5% for next year. However, they also warned Turkey to bring further control measures over its spending. This comes as economist and banker Alan Ruskin described the Turkish Lira as a ‘bad apple’ due to Turkey’s ‘exuberant lending’ in a world of increasing interest rates.

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