Inflation expectations contained - Turkey's Yilmaz

Speaking at a conference celebrating the 75th anniversary of the Central Bank of the Republic of Turkey, governor Durmus Yilmaz said the central "strong reaction" to financial turmoil in 2006 "have contained inflation expectations" and that these will "continue to move towards the medium term target of 4%"

Reflecting on the central bank's track record, Yilmaz said the collapse of exchange rate-based stabilisation program in 2001, which he blamed on fiscal mismanagement, was "an opportunity for