Turkey’s Basçı outlines strategy to overcome commodity price volatility


Erdem Basçı, governor of the Central Bank of Turkey, on Tuesday discussed the benefits of setting flexible inflation targets during periods of large commodity price volatility.

At the G-20 Commodity Price Volatility Conference in Istanbul, Turkey, Basçı said the excess demand for commodities in the developing world and the massive financial flows fuelled by the exceptionally loose monetary policies in developed countries suggested commodity price volatility would probably remain a major

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