IMF staff tell Turkey to fix imbalances
Fund tells central bank and government to take longer-term view
Staff at the International Monetary Fund have urged Turkish authorities to take action, as external imbalances grow and inflation looks set to exceed the central bank's target "by a wide margin" in 2016.
The fund published the preliminary conclusions from its Article IV consultation on Turkey on February 2, pressing both the government and the Central Bank of the Republic of Turkey (CBRT) to rebalance growth away from domestic demand and towards longer-term sources.
As in previous assessments of
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