Turkey vulnerable to sudden stop, IMF warns
Central bank action would help shore up weak external position, fund says
The main risk facing the Turkish economy is a sudden reversal of capital flows, and the central bank should take action against such an outcome, the International Monetary Fund said today (April 25).
In the IMF's latest Article IV health-check of the economy, the Central Bank of the Republic of Turkey (CBRT) was once again singled out for criticism.
"The CBRT has not normalised its monetary framework," IMF staff said in their report. "By purposely confusing the signal on the stance, the
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