IMF Urges Turkey to Tighten Monetary Policy Further

The International Monetary Fund said Turkey’s monetary policy needs to be tightened further amid inflation that’s “well above” the country’s 5 percent target and high credit growth.

The Washington-based IMF, commenting in an e-mailed statement after its annual assessment of Turkey’s economy, also recommended the government rein in spending. The fund forecast growth of 3.8 percent this year and 3.5 percent in 2014.

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