Turkey’s Finance Chief Says Erdogan Fully Behind New Policy Path

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Turkish President Recep Tayyip Erdogan is fully onboard with new policies that require monetary tightening, according to the country’s finance minister, as uncertainty lingered in the market over his commitment to ending an era of cheap money.

“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.”

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 83. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

UN chief says global finance system fragmenting; Myanmar crisis worsensJAKARTA (Reuters) - The world risks a
Källa: SaltWire Network - 🏆 45. / 63 Läs mer »

UN chief says global finance system fragmenting; Myanmar crisis worsensJAKARTA (Reuters) - The world risks a
Källa: SaltWire Network - 🏆 45. / 63 Läs mer »

Yahoo Finance LIVE - Sept 5 AMExecutives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Norway Boosts Climate Finance to $1.4 Billion, Beating TargetNorway said it raised 15.5 billion kroner ($1.4 billion) in climate financing in 2022, exceeding a target set at climate talks in Glasgow in 2021.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »

Yahoo Finance LIVE - Sept 5 PMExecutives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Finance committee approves 2024 budget directionsCouncillors on the city's finance and corporate services committee have voted in favour of budget directions that include a 2.5 per cent property tax increase.
Källa: ctvottawa - 🏆 29. / 67 Läs mer »