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TURKEY: Simsek Says Inflation Expectations Improving But at Sluggish Pace

TURKEY
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Speaking at a panel in Saudi Arabia, Treasury and Finance Minister Mehmet Simsek says he believes disinflation will be sustained and that’ll translate to improved inflation expectations. Comments below via BBG:

  • A combination of tight monetary policy, tighter fiscal policy and more supportive incomes policy will help bring down inflation.
  • Inflation expectations are improving but have been sluggish.
  • Simsek says fiscal deficit to GDP will be brought down to 3% this year from around 5% previous years.
  • Fiscal adjustments will help the central bank with the disinflation efforts.
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Speaking at a panel in Saudi Arabia, Treasury and Finance Minister Mehmet Simsek says he believes disinflation will be sustained and that’ll translate to improved inflation expectations. Comments below via BBG:

  • A combination of tight monetary policy, tighter fiscal policy and more supportive incomes policy will help bring down inflation.
  • Inflation expectations are improving but have been sluggish.
  • Simsek says fiscal deficit to GDP will be brought down to 3% this year from around 5% previous years.
  • Fiscal adjustments will help the central bank with the disinflation efforts.