Household and Corporate Inflation Expectations Are Improving

Minister of Treasury and Finance Mehmet Şimşek stated that despite geopolitical uncertainties, there has been an improvement in the inflation expectations of households and the real sector.Minister Şimşek evaluated the data from the Central Bank of the Republic of Turkey for July and stated

The inflation expectations of households and the real sector are improving. Despite the uncertainties caused by geopolitical developments, the 12-month inflation expectation of households has decreased by a total of 6.6 points in the last three months, and the expectation of the real sector has decreased by 1.2 points. Maintaining financial stability is crucial in the current conjuncture where global uncertainties are increasing. A permanent increase in our competitiveness will be achieved through productivity, technology-based production, and macroeconomic stability. We determine our policies in the fight against inflation by considering permanent gains. The ultimate goal of our policies is to provide sustainable growth and permanent welfare increase with high-value-added production.

.The statements by Minister of Treasury and Finance Mehmet Şimşek emphasized the importance of policies on fighting inflation and maintaining financial stability.