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Fin Min Nebati: No Reverse In Monetary Policy After Elections


Turkish Finance Minister Nureddin Nebati has said the government will keep interest rates low and has no intention to reverse course on monetary policy, after speculation from analysts that Turkish President Recep Erdogan will make a policy pivot after the general election in May, according to an interview published by Bloomberg.

  • Bloomberg: "Contrary to some analyst expectations that President Tayyip Erdogan will roll back his stimulus programme after the vote, Nebati was quoted as saying the central bank would keep cutting rates as inflation slows and keep them low."
  • Nebati said the policy would stay in place "as long as I am here," adding "The idea that the president will raise rates is no longer possible... Our president will not compromise on this."
  • Bloomberg: "An anti-Erdogan political alliance has pledged to roll back his unorthodox economic policies should they win the presidential and parliamentary elections. Some analysts think Erdogan will also reverse course if he wins."

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