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

Minister Şimşek evaluated inflation expectations. In a social media post, he used the following words: “Market participants and the real sector’s inflation expectations are improving. The 12-month ahead inflation expectation decreased to 24.6% for market participants and 41.1% for the real sector. Household expectations showed a limited increase. Although surveys do not reflect 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 tightened financial conditions to be disinflationary.

We will implement our program resolutely until we achieve price stability.”