Mehmet Şimşek

The First Vice President and Head of Client Services Group of the European Bank for Reconstruction and Development (EBRD) Jürgen Rigterink is to embark on a four-day visit to Türkiye, with stops scheduled for the earthquake-hit cities in the southeast of the country.

Türkiye's Central Bank has a 'free hand' and policymakers at the bank will do what is necessary to reduce inflation, Treasury and Finance Minister Mehmet Şimşek has said.

The essence of the economic program is disinflation, to bring inflation to single digits, Şimşek said in an interview with private broadcaster Kanal 7.

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.

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 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.

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.

Rule-based and predictable economic policies will continue after the upcoming elections, Treasury and Finance Minister Mehmet Şimşek has reiterated.

"We have clearly laid out the policies we will implement in our medium-term program," the minister wrote on the social media platform X on Feb. 27.

The current economic policies will continue to be implemented after the upcoming elections, Treasury and Finance Minister Mehmet Şimşek has said.

Türkiye will hold local elections on March 31.

Conventional policies will be employed to curb inflation, Finance Minister Mehmet Şimşek has said, reiterating that there will be a steep fall in inflation in the second half of 2024.