Inflation targetin regime, the main objective of which is price stabilty, and which requires an institutional dependency to the monetary policy and a declare of mediumterm inflation targets had carried out successfully up to 2008 financial crisis. As 2008 financial crisis has questioned the lack of inflation targeting policy, the policy that protects the reorganization of financial stability has leaded to discussions. In this context, Turkey’s monetary policy and practices are analysed, the main attention is given to the short-term interest rate that is the main policy instrument as well as the changes in the reserve requirement ratio and structural changes. Finally the trends of the inflation rates of inflation targeting countries are analysed by using Chow Breakpoint Test. In some economies, some break points are determined in the period of inflation regime
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Sayı 58