Central bank raises inflation target, signals rate hike

The Central Bank of Turkey revised the inflation midpoint for 2014 up from its previous prediction of 5.3 percent to 6.6 percent as a result of developments in food prices and currency exchange rates as well as tax rate hikes,.. Read more.

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Related,
Turkish lira's dive wrecks balance sheets, deters foreign investment - Reuters
- Fitch sees no need to change Turkey's rating - AA

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