Sputnik
📉 Turkey's newly appointed Finance and Treasury Minister Mehmet Simsek has said that he will seek to...
📉 Turkey's newly appointed Finance and Treasury Minister Mehmet Simsek has said that he will seek to bring macro-financial stability to the Turkish economy and reduce inflation during his tenure.
"Our main goals are, without wasting time, to ensure price stability [and] to bring inflation down to single digits in the medium term," Simsek said.
Turkey has been struggling with high inflation for years. In April, it was 43.68% year-on-year, down from 50.5% the previous month, according to the Turkish Statistical Institute.