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Simsek Says "Significant Progress" Made Toward Anchoring Inflation Expectations

  • Speaking at the sidelines of the IMF/World Bank meetings in Marrakech, Finance Minister Mehmet Simsek said Turkey had made "significant progress" towards anchoring inflation expectations and that the lira currency looks attractive, according to Reuters.
  • However, he added that unwinding past economic policies will take time.
  • Offering a real interest rate is key in stabilising the lira, he said, but the policy rate has catching up to do.

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