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Turkey's Central Bank vows to maintain tight policy to hit 24% inflation target by year-end.
Turkey's Central Bank Governor, Fatih Karahan, promises to do whatever it takes to meet the country's year-end inflation target of 24%.
Annual inflation has dropped to 39.05%, down from over 75% last May, largely due to a decrease in the underlying trend and tight monetary policy.
The bank has cut rates by 250 basis points to 42.5%.
Karahan stresses the importance of maintaining this tight policy to continue reducing inflation.
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El Banco Central de Turquía promete mantener una política estricta para alcanzar la meta de inflación del 24% a finales de año.