Finance Minister Simsek reassures investors of Türkiye’s economic stability amid reduced volatility
Türkiye's Finance Minister Mehmet Simsek delivers remarks during an event at the Brookings Institution in Washington, U.S, on Oct. 25, 2024. (AA Photo)
Turkish Finance Minister Mehmet Simsek highlighted stability in Türkiye‘s economy, stating that market volatility has significantly decreased and the effects of recent developments are expected to be temporary and limited, according to a press release from the ministry on Tuesday.
Simsek, along with Central Bank Governor Fatih Karahan, held a video conference with international investors, addressing their questions on current economic developments.
The meeting, which lasted one hour, attracted the attention of around 4,500 investors from North America, the UK, other European countries, and the Middle East.
Necessary steps taken for efficient markets
During the session, Simsek assured investors that all necessary steps had been taken promptly to ensure the healthy functioning and efficiency of the markets. He also emphasized that additional measures would be implemented if needed in the coming period.
Simsek noted that Türkiye’s economic program has bolstered resilience, pointing to a downward trend in inflation, a current account deficit reduced to sustainable levels, and strengthened fiscal discipline.
He reaffirmed the government’s commitment to policies aimed at achieving price stability and structural transformation, the main goals of the economic program.
