• Treasury and Finance Minister Mehmet Simsek speaks on state-run TRT at typing. The official said that the economy is going through a period of rebalancing. He noted that the year-end budget shortfall is expected to be lower than the target, adding that budget discipline is a "must" in the wake of last year's earthquake. Simsek also said that if the central bank had not bought dollars, the lira would have surged. For now, he doesn't foresee excessive TRY appreciation.
  • President Recep Tayyip Erdogan will chair a cabinet meeting at 13:30BST/15:30EEST.

TURKEY: FinMin Simsek Speaks In Interview, Cabinet To Meet This Afternoon

Last updated at:May-20 07:53By: Krzysztof Kruk
  • Treasury and Finance Minister Mehmet Simsek speaks on state-run TRT at typing. The official said that the economy is going through a period of rebalancing. He noted that the year-end budget shortfall is expected to be lower than the target, adding that budget discipline is a "must" in the wake of last year's earthquake. Simsek also said that if the central bank had not bought dollars, the lira would have surged. For now, he doesn't foresee excessive TRY appreciation.
  • President Recep Tayyip Erdogan will chair a cabinet meeting at 13:30BST/15:30EEST.

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