Mehmet Şimşek crisis in pro-government media: Is patience running out? Support for Yeni Şafak arrives

The Central Bank of the Republic of Turkey (TCMB) kept the policy rate steady at 46 percent, in line with expectations, following the Monetary Policy Committee (PPK) meeting held on June 19.

ANOTHER SUPPORT FOR YENİ ŞAFAK'S CRITICISM

Yeni Şafak newspaper, known for its proximity to the government and alleged to have played a role in the dismissal of former TCMB Governor Naci Ağbal, has been directing criticism at Treasury and Finance Minister Mehmet Şimşek from its front page for some time.

Following the TCMB's decision to keep interest rates steady, this criticism received further support from Türkiye Gazetesi, which is also under the pro-government İhlas Yayın Holding.

THEY ATTACKED WITH THE HEADLINE "MONEY IN INTEREST, MARKET IN CRISIS"

In its June 20 issue, Türkiye Gazetesi announced the Central Bank's interest rate decision to its readers with the headline "Money in Interest, Market in Crisis."

The report criticized the Central Bank for not implementing a rate cut, despite President and AKP Chairman Erdoğan's statement that "We will lift the scourge of interest from the back of this nation" and warnings from the business world such as "Investment cannot be made with these interest rates; we are shrinking."

ALARM BELLS FROM THE BUSINESS WORLD

The report stated that industrialists and exporters are complaining about the pressure of interest rate levels on the real sector. Attention was drawn to the following warnings from the business world:

"If interest rates are not lowered and financing opportunities are not expanded, serious contractions could occur in the areas of production, investment, and employment."

IS A MESSAGE BEING SENT TO ŞİMŞEK?

Following the headlines published by two major media outlets close to the government, such as Yeni Şafak and Türkiye Gazetesi, against the Mehmet Şimşek administration, claims that "patience with Şimşek is running out" have returned to the agenda.