The Latest Breaking News from Mehmet Simsek

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

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

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.

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

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

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

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

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

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

Turkish President Tayyip Erdogan was sworn in for a fifth term on Saturday after winning re-election last weekend. But he will have little time to rest with the threat of a financial crisis and a tricky balancing act between Russia and Turkey's traditional Western allies.

President Tayyip Erdogan signalled on Saturday his newly-elected government would return to more orthodox economic policies when he named Mehmet Simsek to his cabinet to tackle Turkey's cost-of-living crisis and other strains.