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 · Apr 8, 2025

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 · Mar 24, 2025

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 · Oct 15, 2024

Turkey's Central Bank Faces Leadership Shakeup Amid Economic Challenges

Learn about the recent shakeup in Turkey's central bank leadership and its implications for the country's struggling economy.

Top News · Feb 5, 2024

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 · Feb 5, 2024

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 · Feb 3, 2024

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 · Feb 2, 2024

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 · Dec 21, 2023

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 · Sep 7, 2023

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 · Aug 24, 2023