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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

IMF Staff Recommends Türkiye Raise Rates, Boost Central Bank Independence

Türkiye Inflation Monetary Policy
People shop at Eminonu district in Istanbul, Türkiye, November 4, 2022. (Reuters)

Türkiye should tighten monetary policy and give its central bank more independence, a mission from the International Monetary Fund (IMF) said on Friday.

"To address (Türkiye’s) challenges, the mission recommended early policy rate hikes accompanied by moves to strengthen the central bank's independence," said the IMF in a press release.

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