Türkiye's commitment to price stability remains "very strong," Treasury and Finance Minister Mehmet Şimşek said, pledging that Ankara would maintain its economic program and deliver disinflation despite difficult global and geopolitical conditions.
Speaking to international media, Şimşek evaluated economic goals and the current picture days after the government unveiled a new road map for the 2027-2029 period.
"The only criticism we would accept is that we have been ambitious in our targets. We have, and there is, of course, a cost associated with that. But the commitment is there," he said.
According to the 2027-2029 Medium-Term Program (MTP), the authorities have lifted their expectations for year-end inflation, mainly due to war-related effects, projecting it to decline to 9% by the end of the program.
Inflation is forecasted to come in at 28.4% this year, 21% in 2027 and 13.5% in 2028, before falling to single digits.
