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Turkeys Monetary Policy Overburdened, Fiscal Policies Underutilized: IMF

(RTTNews.com) – Turkeys monetary policy is overburdened while fiscal, prudential and structural policies were underutilized, a staff report from the International Monetary Fund showed Friday.

IMF economists said countrys unconventional monetary policy framework has deterred very short-term inflows, moderate credit growth, and more recently, manage output, exchange rate, and inflation volatility.

Further, staff advocated a much tighter fiscal position and financial policies that will help to moderate systemic risk, allowing monetary policy to maintain both inflation and interest rates at levels similar to other emerging markets within a conventional inflation-targeting framework.

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