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FinMin Nebati: Turkey to Prepare New Instruments to Tame Inflation

TURKEY
  • Government doesn’t have a FX rate target but we didn’t sit and watch the fluctuations in the markets that are detached from economy’s base.
  • Effects of measures taken in financial markets to be seen better in 2022
  • About 84b liras ($6.4b) deposited to new accounts that offer protection from FX loss
  • Expects positive outlook in current account balance driven by exports and tourism income
  • Financial stability committee to gather at 7pm Tuesday
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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