Turkish c bank says it meets IMF monetary targets

TURKEY - Turkey's Central Bank said on Wednesday it had met monetary targets for March and April agreed under a $16 billion IMF lending package tasked with slashing inflation and raising growth.

The bank said in a written statement that Turkey had remained within IMF-backed targets for base money, reporting 8,680 trillion lira (some $6.4 billion) for the last five days of April compared to a ceiling of 8,900 trillion lira.

The bank reported end-April net international reserves of (minus) - $4.9