Treasury and Finance Minister Nureddin Nebati stated following the Consultation and Evaluation meeting held with the Bursa Chamber of Commerce and Industry that the government is determined to reduce inflation permanently and maintain price stability. Nebati also said they expect a permanent decrease in inflation at the end of the year. He also added that...
Tag: Nureddin Nebati
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We’re pushing our luck with the policy rate!
BY ALATTIN AKTAS It’s necessary to draw this analogy once again: “Savings are like cats; they don’t do well when they’re cornered, they attack if they can’t run.” The Treasury and Finance Minister Nureddin Nebati almost proudly said they made the policy rate insignificant. However, in reality, other interest rates – the deposit interest rate,...
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The UK to provide EUR 2.1bn financial support for the Ankara-Izmir HSR
The UK government will provide EUR 2.1bn (USD 2.3bn) loan to fund the construction of the 503-kilometer Ankara-Izmir High-Speed Railway (HSR). The loan, which was announced by International Trade Secretary Anne-Marie Trevelyan and Treasury and Finance Minister Nureddin Nebati at the UK-Turkey Green Finance Conference held in London, will be the biggest ever sustainable, civil...
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It’s time for heterodox policies: Finance Minister
Amid global changes, Turkey has abandoned economic orthodox policies to forge its own way, the treasury and finance minister said on Wednesday. “We will act on our own path with an understanding that shapes this change, not the path someone has drawn for us,” Nureddin Nebati told the Independent Industrialists and Businessmen’s Association (MUSIAD) at...