Minister of Treasury and Finance Mehmet Şimşek stated that they foresee the market volatility to have limited impact on expectations.

Minister Mehmet Şimşek evaluated inflation expectations. In his social media post, Minister Şimşek used the following expressions: “Market participants and the real sector’s inflation expectations are improving. 12-month ahead inflation expectation decreased to 24.6% among market participants and 41.1% among the real sector. Household expectations showed a limited increase. Although surveys do not reflect the recent developments, we anticipate that the impact of market volatility on expectations will be short-term and limited. We evaluate the steps taken with strong coordination of all our institutions and the tightening financial conditions to be disinflationary.

We will implement our program with determination until we reach price stability.”