Economic policymakers aim to continue implementing policies aimed at reducing the attractiveness of foreign-currency deposits, while increasing the share of Turkish lira and extending their maturities during the new Medium-Term Program (MTP) period.
Turkish officials unveiled on Sunday the new economic program covering the 2027-2029 period, seeking to curb inflation and ensure sustainable growth, while also supporting manufacturing, local agricultural development and boosting high-tech exports.
At the same time, the officials aim to maintain the attractiveness of the Turkish lira.
According to the MTP, Turkish-lira-denominated investment instruments will be encouraged, policies aligned with monetary policy regarding credit growth will be maintained and financing conditions for investment- and export-oriented activities will be improved, a report by Anadolu Agency (AA) indicated on Tuesday.
In 2026, when international financial markets experienced periods of excessive volatility due to global uncertainty and geopolitical risks, the Central Bank of the Republic of Türkiye (CBRT) encouraged a shift toward the Turkish lira through macroprudential policy measures used as a tool supporting the disinflation process and monetary policy, while ensuring that credit growth remained at levels consistent with inflation.
