Inflation assessment from Minister Şimşek – Last Minute Economic News

Inflation assessment from Minister Şimşek – Last Minute Economic News

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According to TUIK, inflation was 3.16 percent monthly in March and rose to 68.50 percent annually. Data showed that inflation was 15 percent in the first three months of the year. ENAG calculated inflation as 5.68 percent monthly and 124.63 percent annually. The Central Bank of the Republic of Turkey’s year-end inflation forecast is at 36 percent.

Minister of Treasury and Finance Mehmet Şimşek made an evaluation about March inflation figures.

Via Şimşek’s social media account, “Monthly inflation decreased in March in line with our forecast. While the additional tightening in monetary policy will contribute significantly to the balancing of demand, further increase in external financing opportunities will strengthen macro-financial stability. All these developments, together with the fiscal policy that will be tightened with expenditure control, except for earthquakes, will anchor inflation expectations and support the disinflation process. “We will do whatever is necessary until we achieve our goal of price stability, which is our top priority.” said.



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