Inflation & Prices
IMF Warns Turkey of Risks to Gradual Approach to Inflation Fight
Istiklal shopping street, Istanbul.
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The International Monetary Fund urged Turkey to accelerate its fight against inflation, highlighting a politically sensitive upcoming wage hike as a potential turning point.
“The authorities’ gradual approach to fighting inflation prolongs the period during which risks might occur”, the fund said in a statement on Friday after a routine visit to member states known as an Article IV consultation.