“Our president gives full support, be it the disinflation program, be it fiscal policy,” Mehmet Simsek told reporters in Ankara. “We are not just sensing this, we are also seeing it.”
“There’s not even the slightest hesitation” in Erdogan’s position, Simsek said. “We will continue doing what this program requires.”The comments mark an attempt to dispel concerns about the extent of Erdogan’s commitment. Investor doubts were evident in the currency market, with the lira depreciating every day this week.
“Disinflation is our priority,” the central banker said. She refrained from mentioning a terminal rate, saying “it’s not right to put out interest-rate numbers.”
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