2023-06-04 01:42:00
[アンカラ ３日 ロイター] – Turkish President Erdogan held an inauguration ceremony on the 3rd following being re-elected and announced a new cabinet. Appointed former Finance Minister Simsek, signaling a return to more orthodox economic policies.
Analysts said Simsek’s appointment might pave the way for a rate hike in the coming months. If implemented, it would be a major shift from Mr. Erdogan’s traditional policy of cutting interest rates despite soaring inflation.
Erdogan, who has led Turkey for more than 20 years, was re-elected in a run-off at the end of last month and will serve another five-year term.
In the new cabinet, former deputy prime minister Yilmaz, an orthodox economic expert, was appointed as vice president, and Fidan, director of the National Intelligence Organization (MIT), was appointed as foreign minister.
The new finance minister, Simsek, 56, was highly regarded by financial markets following serving as deputy prime minister and finance minister from 2009 to 2018.
Archyde.com had previously reported that Simsek was likely to be named finance minister or economic vice president in the new cabinet.
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