Turkey to introduce inflation targeting early 06

Turkey's central bank will shift to a formal policy of inflation targeting from early 2006, its governor Sureyya Serdengecti told a conference.

According to Reuters Serdengecti said the bank would form a monetary policy board which will meet monthly to set interest rates and tackle other monetary policy issues.

"Inflation targeting should be seen as part of the target of normalising the economy, rather than a new regime," he told a news conference.

Serdengecti said the central bank would resta