Turkish Finance Czar Rules Out a Policy U-Turn After Elections
- Treasury minister pledges policy mix of low rates, high growth
- Big businesses urged government to implement orthodox policies
This article is for subscribers only.
Turkish Treasury and Finance Minister Nureddin Nebati promised a continuation of policies that prioritize economic growth after this year’s elections, despite warnings that the current policy mix is unsustainable.
The so-called Turkey Economy Model implemented by President Recep Tayyip Erdogan’s administration prioritizes exports and job creation, but its emphasis on lower interest rates fueled consumer inflation to almost 90% last year.