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Mehmet Şimşek's inflation commentary: 'Improvement continues'

While inflation rose from 39.59 percent to 75.45 percent over the last year, Treasury and Finance Minister Mehmet Şimşek stated in his assessment of inflation expectations that "the improvement in inflation expectations continues."

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Treasury and Finance Minister Mehmet Şimşek made a statement following the June market participants survey published by the CBRT today.

Minister Şimşek used the following expressions in his statement on his X account:

"The improvement in inflation expectations continues. The increasing confidence and predictability brought by our program are also reflected in inflation expectations.

The decline in year-end inflation expectations continued in June. The 12-month annual inflation expectation fell to 31.8 percent, and the 24-month expectation fell to 20.3 percent. As expectations continue to converge toward our targets, our disinflation process will accelerate further."