Interaction between monetary and fiscal policies

Romania's consumption-fueled growth has raised macroeconomic imbalances, including inflation pressure and increased fiscal and current account deficits, so a change in the course of policies is needed to reduce the likelihood of another boom-bust scenario, the International Monetary Fund writes in its Staff Concluding Statement of the 2019 Article IV Mission posted on Friday.

Turkey needs to put in place tighter monetary policy to bring inflation back to its 5 percent target in the medium term, the International Monetary Fund (IMF) stated on Feb. 2.

The IMF also said Turkey's monetary policy framework needs to be improved to strengthen its effectiveness.