Important statement from Central Bank Governor Karahan on the new minimum wage: Foreign investors have learned

As millions of employees await the minimum wage increase to be determined at the end of the year, a notable development has occurred. Central Bank of the Republic of Turkey (TCMB) Governor Fatih Karahan met with investors in Washington. During the meeting, Karahan provided messages regarding the upcoming minimum wage hike.

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Important statement from Central Bank Governor Karahan on the new minimum wage: Foreign investors have learned

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It was stated that Central Bank Governor Fatih Karahan, who met with investors in the US, gave messages regarding the upcoming minimum wage hike during these meetings.

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According to Bloomberg, Karahan said that a minimum wage increase of around 25 percent would be consistent with the 2025 inflation outlook.

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It was stated that in these meetings, Karahan gave the message that they would also take the scale of the minimum wage increase into consideration while shaping the 2025 monetary policy.

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According to sources citing information obtained from Karahan's meeting with investors on Wednesday, officials gave the message that a minimum wage increase of around 25 percent would be consistent with the 2025 inflation outlook.

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According to this claim, the minimum wage is expected to rise to around 21,250 TL.

The Minimum Wage Determination Commission will conclude its work in December and announce the 2025 minimum wage to the public. The announced wage will be considered as an indicator for other salaried employees as well as those working for the minimum wage.

News Source : 12punto