Another show of support for pro-government media's criticism of Mehmet Şimşek
Former AKP deputy Şamil Tayyar shared newspaper headlines that brought criticisms of the economic management to the agenda following the Central Bank's interest rate decision, emphasizing that these warnings should be taken into account.
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The decision by the Central Bank of the Republic of Türkiye to keep the policy rate steady at 46 percent has sparked debate in economic circles and among the public. Following the decision, some newspapers known for their proximity to the government criticized the economic management with harsh language.
Yeni Şafak newspaper expressed its reaction to the economic management with the headline "Constantly making excuses. The Central Bank's stubbornness on high interest rates," while the Türkiye newspaper, affiliated with İhlas Yayın Holding, used the headline "Business world and investors are in revolt. Money is in interest rates, the market is in crisis." These headlines were interpreted as a sign that criticism of the economic policies implemented by Treasury and Finance Minister Mehmet Şimşek is also rising within media outlets close to the government.
Former AKP deputy and writer Şamil Tayyar also shared these headlines on the social media platform X, stating, "We must take the warnings on this issue seriously. The markets are burning."
Tayyar included the following assessments in his post:
"It is obvious that the recent fuel price hikes due to the war will negatively affect the markets.
Let's set this part aside.
The burning effect of a problem that has been covered up for a long time has begun to be felt from every corner.
Industrialists who produce and employ thousands of people are on the verge of a crisis.
Production has fallen by an average of 10 percent, a significant portion of ongoing production has accumulated in stocks, layoffs have accelerated, concordat declarations have increased, and bankruptcies have multiplied.
They are struggling to keep the system running because they cannot access credit. As the payment day for current account (BCH) loans on June 30 approaches, tension is rising.
Some are trying to save themselves by fleeing to countries like Egypt.
We already know the difficulties faced by those with low and fixed incomes.
Currently, the happiest segment is those who make money from money.
If measures to ease the markets and facilitate access to credit are not taken immediately, it is being discussed that the problems will deepen even further by September/October.
We must take the warnings on this issue seriously.
The markets are burning."
Tayyar's statements indicated that criticism of the economic management is also rising from within the party. In economic circles, it is expected that interest rate policy and the difficulties in accessing credit will be discussed more in the coming period.