Turkey should continue tight, monetary policy until inflation at target, IMF says

Alexander Spatari | Moment | Getty Images

The International Monetary Fund called for continued tight, data-driven monetary policy in Turkey until inflation converges to target as it concluded an Article IV consultation.

The policy turnaround has reduced economic imbalances and revived confidence the IMF said on Saturday, adding that improved market sentiment caused foreign and domestic investors to shift into lira-denominated assets.

In a statement containing the executive board assessment of Turkish economic policies, the IMF said the central bank needs to ensure that the path of disinflation stays on track.

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