Finance Minister Mehmet Şimşek Highlights Economic Stability and Financial Market Normalization
Turkish Finance Minister Mehmet Şimşek has emphasized the importance of reducing economic risks and continuing the normalization of financial markets. While evaluating the results of the implemented program, Şimşek highlighted that the swap volume conducted between the Central Bank of the Republic of Turkey (TCMB) and domestic banks decreased from its peak of $64.5 billion in 2023 to $144 million.
Şimşek noted that this development strengthens the monetary transmission mechanism and significantly contributes to the disinflation process.
The data in this news is based on official statements from the TCMB.