Mehmet Şimşek announces decline in inflation expectations

Minister of Treasury and Finance Mehmet Şimşek made a statement on his social media account regarding the market participants survey data. 

Şimşek said the following:

"In May, the 12-month inflation expectation improved by 8.2 points compared to the same period last year and by 0.5 points monthly, falling to 25.1 percent. The 24-month expectation improved by 3.6 points annually, while it saw a limited increase compared to April. 

Thanks to our decisive policies that prioritize disinflation, we assess that the impact of recent global and domestic developments is temporary.

Moderate commodity prices, decreasing global uncertainties, and domestic financial conditions support our fight against inflation."