Turkish FinMin: Tight monetary and fiscal policy key principle of new approach

Eren Sengezer FXStreet

Below are key quotes, via Reuters, from the presentation delivered by the Turkish finance minister Berat Albayrak.

Tight monetary and fiscal policy key principle of new approach.
Restoring budget balance and improving its quality key principle of new approach.
Securing the full independence of monetary policies.
The process Turkey is going through cannot be explained with logic given its macroeconomic indicators.

The USD/TRY was last seen trading at 6.10, up nearly 10% on the day.

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Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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