Şimşek says disinflation to resume after short delay
With a delay of a few months, the disinflation process will resume and get back on track, Treasury and Finance Minister Mehmet Şimşek has stated.
Speaking at the 69th General Assembly of the Banks Association of Türkiye (TBB) on June 12, Şimşek said the government will provide the necessary fiscal and structural support to bring inflation down permanently to single digits. He added that he remains confident this goal will be achieved, even if it takes slightly longer.
“Price stability is extremely important for us. It forms the foundation of the program,” Şimşek said.
He also noted that there has been no significant deterioration in the foreign trade deficit despite a major oil shock.
