Mehmet Şimşek targeted by Yeni Şafak ahead of Central Bank interest rate decision
The pro-government newspaper Yeni Şafak has targeted the economic administration ahead of the interest rate decision to be announced by the Central Bank of the Republic of Turkey tomorrow. The newspaper, which has previously targeted Treasury and Finance Minister Mehmet Şimşek, reported on the business world's demands for an interest rate cut with the headline "We have no strength left to endure."
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Treasury and Finance Minister Mehmet Şimşek, who was brought into the Cabinet following the 2023 presidential elections, is being targeted not only by the opposition but also by pro-government media.
The pro-government newspaper Yeni Şafak, which has recently published reports criticizing the economic administration, has added a new one to its list.
“HIGH INTEREST AND TAX POLICY” DRAWS REACTION
Şimşek, who has been targeted on the front pages of Yeni Şafak multiple times since taking office, has once again become the focus of criticism ahead of the interest rate decision to be announced tomorrow.
THEY PUBLISHED WITH THE HEADLINE “WE HAVE NO STRENGTH LEFT TO ENDURE”
In today's issue, Yeni Şafak newspaper ran with the headline “The business world wants an interest rate cut and access to credit: We have no strength left to endure.” The report gave extensive coverage to the expectations and assessments of business world representatives.
The newspaper stated that the common demand in industrial and export circles is for an interest rate cut.
CALLS FOR INTEREST RATE CUTS FROM THE BUSINESS WORLD
MÜSİAD President Burhan Özdemir stated that he expects a measured interest rate cut of 100-150 basis points.
TİM President Mustafa Gültepe expressed that the Central Bank should take bolder steps in its interest rate decisions.
TÜMSİAD President Yaşar Doğan emphasized the importance of an interest rate policy that supports production and maintains macro balances, adding that interest-free financing instruments should be expanded.
ASKON President Orhan Aydın expressed an expectation for a cut of at least 200 basis points.