Turkish minutes urge government to maintain discipline

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The minutes of the Central Bank of the Republic of Turkey's latest monetary policy committee meeting, published on November 27, said inflation for the year was likely to be lower than previously predicted, but urged the government to stay on track with fiscal consolidation.

The minutes said annual inflation fell in October to 7.8%, largely due to declining food prices. The figures mask substantial variation, however, as hikes in fuel duties caused energy inflation to rise to 15%, while food

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