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FinMin Elvan Says Govt Bot Targeting Weak TRY, Eyes C/A Improvement

TURKEY
  • ELVAN SAYS LOW INFLATION, EXCHANGE RATE STABILITY IMPORTANT
  • WE'LL IMPLEMENT STRUCTURAL POLICIES DECISIVELY
  • 2021 C/A DEFICIT MAY BE BELOW 2% OF GDP
  • TURKEY GOVT NOT TARGETING WEAK LIRA
  • EXCHANGE RATE WILL BE DETERMINED IN THE MARKET
  • 2021 GDP GROWTH MAY BE IN DOUBLE-DIGITS
  • TURKEY 2021 BUDGET DEFICIT TO BE BELOW 3.5% OF GDP
  • TURKEY GOVT SENSITIVE ON MINIMUM WAGE
  • NO PLAN FOR FX BORROWING IN DOMESTIC MKT IN 2022 CITES VOLATILITY AFTER CENTRAL BANK RATE CUTS
  • TURKEY SHOULD ACT CAUTIOUSLY
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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