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Al Jazeera
Al Jazeera
Business
Umut Uras

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

Mehmet Simsek Recep Tayyip Erdoğan Turkey Economy Inflation Al Jazeera Interest Rates
Mehmet Simsek is expected to follow an anti-inflation monetary policy [File: Uwe Anspach/dpa via AP]

Mehmet Simsek, a former Turkish finance chief popular among foreign investors, has taken the helm of the economy again, signalling a return to more orthodox economic policies.

The United Kingdom-educated Simsek, a former strategist at London-based Merrill Lynch, was appointed treasury and finance minister on Saturday as Turkish President Recep Tayyip Erdogan announced his new cabinet after winning the May 28 presidential run-off that extended his rule for five more years and into a third decade.

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