Turkish economy officials have sought to reassure investors that market strains will be managed, amid concerns sparked by President Imamoglu’s arrest. In a call with investors, Turkish Economy Minister Simsek and his counterpart Karahan discussed the country’s economic prospects.
The lira remained stable during the investor call, while stocks saw a rally. The market tensions have been fueled by protests following Imamoglu’s arrest, which has impacted the economy.
Simsek’s comments aimed to calm nerves among investors, who are increasingly concerned about Turkey’s economic outlook. The minister emphasized that efforts will be made to manage market strains and mitigate any potential impact on the economy.
Turkey’s central bank has taken steps to stabilize the lira, while the government is also exploring measures to boost economic growth. However, the challenges facing the Turkish economy remain significant, with high inflation rates and a fragile economic outlook.
Despite these concerns, Simsek remains optimistic about Turkey’s prospects, citing efforts to diversify the economy and attract foreign investment. The minister emphasized that the country will take all necessary steps to ensure its economic stability.
Source: https://www.reuters.com/world/middle-east/turkeys-simsek-cenbank-governor-hold-call-with-international-investors-2025-03-25