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Turkey’s Turhan Revives Debate Over Central Bank Law

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Turkey may need to change laws defining the central bank’s responsibilities, Ibrahim Turhan, a ruling party parliament candidate and former head of the Istanbul stock exchange, said in an interview with state-run Anadolu Agency.

“A legal change may be needed to increase the central bank’s instrumental capacity and broaden flexibility on some subjects,” Anadolu quoted Turhan as saying on Tuesday. “But independence in its tools and price stability as its primary target shouldn’t be debated.”