World Tries to Read Erdogan for Signs of Turkey Policy Shift
- President is expected to name cabinet at end of the week
- Economists say some sort of pivot is inevitable this year
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Turkish President Recep Tayyip Erdogan has promised a team with “international credibility” to manage the nation’s finances. Given his influence over everything from interest rates to infrastructure, how much credibility remains is unclear as market pressure builds.
A new cabinet is expected to be named at the end of the week after Turkey’s longest-serving leader extended his rule by another five years. The most significant potential appointment would be Mehmet Simsek, a former finance minister who advisers to Erdogan have been courting to oversee economic policy, people close to the matter said.