Şimşek: We assess that the steps taken and tightening financial conditions will be disinflationary.

Treasury and Finance Minister Mehmet Şimşek stated, "We believe that the steps taken with strong coordination among all our institutions and tightening financial conditions will be disinflationary." In a statement made via X, Minister Şimşek shared that "Inflation expectations among market participants and the real sector are improving. The 12-month inflation expectation has decreased to 24.6% among market participants and 41.1% in the real sector, while household expectations have seen a slight increase."

In his remarks, Şimşek noted: "Although recent survey results may not reflect current developments, we anticipate that the impact of volatility in financial markets on expectations will be short-term and limited. We assess that the coordinated steps taken by all our institutions, along with tightening financial conditions, will lead to disinflation. We will implement our program with determination until we achieve price stability."