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The Latest Breaking News from Mehmet Simsek

Turkey sees opportunity as Trump's tariffs upset global trading order

Business figures and economists in Turkey have begun to glimpse a silver lining to the economic storm clouds.

Euronews

Crackdown On Opposition Tips Turkey Into Financial Turbulence

The arrest of Turkish President Recep Tayyip Erdogan's leading political opponent has sparked a financial firestorm and thrust the hardline leader's economic policies under scrutiny.

International Business Times

Turkish Govt Delays Tax Plan To Fund Defence Industry

The Turkish government on Tuesday postponed until 2025 a parliamentary debate on a proposed tax on credit cards, which it sought to fund the arms industry as conflict rages in its neighbourhood.

International Business Times

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Turkish Govt Defends Tax Plan To Fund Defence Industry

The Turkish government defended a proposed tax on credit cards on Tuesday, saying it was needed to fund the arms industry and protect the country as conflict rages in its neighbourhood.

International Business Times

Turkish Inflation Exceeds 75% But Peak In Sight

Turkey has been battling soaring consumer prices that prompted Erdogan to drop his opposition to interest-rate hikes to combat inflation.

International Business Times

Turkey Central Bank Holds Key Interest Rate Steady

Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government.

International Business Times

New Turkish Central Bank Chief Vows to Tackle Inflation

Turkey's new central bank chief, Fatih Karahan, vows to continue the fight against inflation with determination, expecting a considerable drop over the nex...

Top News

Turkey's January Inflation Piles Pressure On Central Bank

Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday.

International Business Times

Turkey appoints Fatih Karahan as new central bank chief after Erkan resigns

The appointment comes a few hours after the resignation of Hafize Gaye Erkan citing a media scandal.

Al Jazeera

Turkey's Pro-market Bank Chief Resigns After Scandal

Turkey's central bank chief Hafize Gaye Erkan said Friday she was resigning after less than a year in the job over a media scandal involving her family.

International Business Times

Turkey's Central Bank Delivers Smaller Rate Hike

Turkey's central bank announced a smaller interest rate hike than in previous months on Thursday, signalling it is nearing the end of its monetary tightening as it battles double-digit inflation.

International Business Times

Long opposed to rate increases, Erdogan now backs plan that includes raising rates, minister says

A top government official says Turkish President Recep Tayyip Erdogan supports his new economic team's plan to increase interest rates to lower the country's soaring inflation

The Independent UK

Turkey makes bigger than expected interest rate hike, targets inflation

Turkey hikes interest rate to 25 percent, investors who say Ankara must move away from past policies welcome move.

Al Jazeera

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The Independent UK

Turkey's finance chief heralds $50.7 billion deals with UAE as Erdogan tours Gulf nations

Turkish Finance Minister Mehmet Simsek says Turkey and the United Arab Emirates have signed deals worth $50.7 billion, as President Recep Tayyip Erdogan rounds off a three-country tour of the Gulf

The Independent UK

Turkey's Erdogan heads to Gulf seeking funds for ailing economy

Turkish President Recep Tayyip Erdogan is beginning a three-stop tour of Gulf states to raise trade and investment for Turkey’s floundering economy

The Independent UK

Turkish central bank faces key test on economic turnaround after Erdogan's reelection

Turkey's central bank faces a key test on turning to more conventional economic policies to counter sky-high inflation after President Recep Tayyip Erdogan’s recent reelection

Al Jazeera

Why is the Turkish lira’s value still falling?

Experts say the ‘suppressed’ lira is reaching its true value as they forecast a continued fall against the dollar.

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Radio France Internationale

Erdogan hopes a U-turn can salvage Turkey's floundering economy

Turkey's newly reelected president, Recep Tayyip Erdogan, has performed a rare and dramatic policy reversal. With the country facing a financial crisis, Erdogan has abandoned his controversial economic policies and turned to a market-friendly policymaker to lead the finance ministry.

The Independent UK

Turkey's Erdogan says his economic views are same but will accept minister's policies

President Recep Tayyip Erdogan says he remains firm on his unconventional approach to Turkey’s economy

The Independent UK

Why Turkey's currency is crashing after Erdogan got reelected

Turkish President Recep Tayyip Erdogan appointed an internationally respected former banker as finance and treasury minister after winning reelection

Businessweek

Erdogan’s Wall Street Guy Is Back to Replenish Wiped-Out Coffers

Investors soured on Turkey’s contrarian economic policies. New Finance Minister Mehmet Simsek might just be able to bring enough of them back.

The Independent UK

Turkish lira declines to record lows following start of Erdogan's new presidential term

The Turkish lira has tumbled to fresh record lows and extended its slide against the U.S. dollar

Al Jazeera

Can market veteran Simsek pull Turkey’s economy back from brink?

New finance minister is widely respected by foreign investors and known for his orthodox economic approach.

Al Jazeera

Turkey’s President Erdogan announces new cabinet

An internationally respected former banker gets top economy job, powerful intelligence chief is named foreign minister.

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