Mehmet

The Treasury has announced it raised a total of 2 billion euros through a euro-denominated bond issue, bringing the total borrowing in international markets this year to $5.2 billion.

Earlier this week, the Treasury mandated Deutsche Bank, HSBC, JP Morgan and Societe Generale for the bond due 2030.

Türkiye's current account balance produced a deficit of $2.56 billion in January with the annualized gap continuing to shrink, data from the Central Bank has shown.

This was smaller than the $2.8 billion deficit most economists had predicted.

The recent volatility in the FX market should be viewed as temporary, Treasury and Finance Minister Mehmet Şimşek has said, vowing to maintain "sound" policies.

"The Central Bank is committed to anchoring inflation expectations using all the tools at its disposal. We will continue to tighten fiscal policy to help the Central Bank reduce inflation," Şimşek wrote on X on March 11.

Fitch has upgraded Türkiye's rating by one notch, citing tighter monetary policy are helping reduce macroeconomic vulnerabilities.

Fitch moved the rating to "B+" from "B," while revising the country's outlook to positive from stable.

Excessive domestic demand that has caused higher inflation will disappear around the second and third quarter of this year, Finance Minister Mehmet Şimşek has said.

The Central Bank is taking additional tightening measures, the minister said in an interview with private broadcaster CNN Türk. "We are fully supporting this."

Finance Minister Mehmet Şimşek has reiterated his "full support" for the country's Central Bank, as the bank announced additional monetary tightening measures to fight inflation.

Finance Minister Mehmet Şimşek has ruled out scenarios regarding the real depreciation of the Turkish Lira after the upcoming local elections.

"We do not have an exchange rate target. We are implementing a policy set which makes the lira attractive," Şimşek said in a televised interview on March 4.

Türkiye's foreign trade deficit continued to decline in February, the preliminary data from the Trade Ministry have shown.

The country's foreign trade deficit declined by 42.3 percent last month to $7 billion, after shrinking more than 56 percent in January to $6.2 billion.

Treasury and Finance Minister Mehmet Şimşek has held a series of talks at the first G20 finance ministers and central bank governors' meeting of the year in Sau Paulo, Brazil.

Treasury and Finance Minister Mehmet Şimşek has met with U.S. Treasury Secretary Janet Yellen on the sidelines of the G20 finance ministers and central bank governors' summit in Brazil.

"I met with Minister Mehmet Şimşek to discuss how Türkiye and the United States can work together to address crucial regional issues," Yellen wrote on the social media platform X.