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Finance Minister, CBRT Governor Speak in Defence of MTP

TURKEY

The finance minister Simsek and CBRT governor Erkan speak to journalists following yesterday's publication of the Medium-Term Program.

Simsek:

  • Erdogan fully supports the new economy program
  • The economy team plans to initiate foreign investor meetings
  • Would be wrong to expect a linear path for FX rates

Erkan:

  • Year-end CPI could be higher than central bank forecast
  • Sees transition period before exiting the FX-linked program

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