Turkey's year-end inflation may double target

Year-end inflation in Turkey is likely to climb to 10.5 pct, double the official target of 5.0 pct, central bank governor Durmus Yilmaz said Friday 28 July.

Under the prevalent scenario drawn up according to current economic conditions, the year-end figure would be between 9.1 and 10.5 pct, Yilmaz told a news conference.

"We estimate there will be an evident fall in inflation starting from the second quarter of 2007," he said, adding that the annual rate was projected at between 3.0 and 6.5 pc

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