Turkish Finance Chief Said Year-End Inflation May Slow to 19%

Turkish Treasury and Finance Minister Mehmet Simsek told a group of investors that year-end inflation could slow to about 19%, according to people with knowledge of the matter, striking a more optimistic tone than markets.

Simsek made the remarks in London, where he and Central Bank Governor Fatih Karahan are attending a conference organized by Bank of America Securities, said the people, who asked not to be identified discussing private conversations.