Tuesday July 7, 03:57 PM
CORRECTED-Turkey inflation to remain under target - finmin
LONDON, July 7 (Reuters) - Turkey's inflation will remain under target and the outlook is benign, the country's finance minister said on Tuesday.
'The inflation outlook is still benign. Inflation is likely to remain on the whole under the target and that is one positive element,' Mehmet Simsek told an investor forum in London via a video-link.
June consumer prices rose at a year-on-year rate of 5.73 percent, still well below the country's end-2009 target of 7.5 percent.
Simsek also said Turkey had been negotiating with the International Monetary Fund (IMF) on a three-year stand-by arrangement when he left the office of economy minister to take up the post of finance minister after a cabinet reshuffle in May.
He said the country would push through fiscal measures whether it received financial help from the IMF or not.
Ankara remains locked in talks with the IMF for a loan package that would help the country bridge its funding gap.
(Reporting by Sebastian Tong; writing by Natsuko Waki) Keywords: TURKEY FINMIN/
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