Turkish economist Selçuk Geçer stated that Mehmet Şimşek, the Minister of Treasury and Finance, did the right thing for the Turkish economy.
Geçer, made a statement on his social media account saying, “Mehmet Şimşek is doing the right thing. First, he is freeing the dollar and then he will raise interest rates. This is the only way to attract foreign capital.”
Mehmet Şimşek stated that “a return to rational policies” will be pursued.
During the press conference, Mehmet Şimşek, the Minister of Treasury and Finance, stated, “Turkey has no option but to return to a rational ground. A rule-based and predictable Turkish economy will be the key to achieving the desired prosperity. In a global context of increasing challenges and geopolitical tensions, we will prioritize strengthening our institutional quality and capacity to prioritize macrofinancial stability.”