IMF staff recommends Turkey raise rates, boost central bank independence | MarketScreener

“To address (Turkey’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.

“Such moves would help reduce inflation more durably and allow reserve buffers to be rebuilt over time.”

(Reporting by Rodrigo Campos, editing by Karin Strohecker)