Turkish Markets Hope Simsek Can Revive ‘Rational’ Policies

Stocks, bonds rallied last week on bets of Simsek’s return
Traders question whether he’ll have autonomy to steer economy

Mehmet Simsek
Photographer: Kostas Tsironis/Bloomberg

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By Netty Idayu Ismail and Tugce Ozsoy

June 4, 2023 at 11:00 AM UTC

Updated on

June 5, 2023 at 8:33 AM UTC

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Turkish investors are betting that the return of former Wall Street banker Mehmet Simsek as economic czar will herald a shift to more conventional economic policies.