They would love a bit of what you might call proper inflation - not the kind we have had recently, in which living standards have been squeezed by jumps in energy or food prices that cuts consumers' spending power, but the sort we haven't seen for years, pay rises.

BBC: Can the Bank of England hit any target?

This argument did not appeal to Mr Egilmez, who had taken his job in the belief that he would be given a proper chance to beat inflation, which has not dipped below 50% since 1987 and is now running at almost twice that figure.

ECONOMIST: Turkey

Looking out a few years, it's hard to imagine the unprecedented fiscal and monetary stimulus being removed at precisely the proper moment so as not to ignite inflation.

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