Treasury and Finance Minister Şimşek posted a message about Turkish economy on his Twitter account. Sharing the falling credit risk premium (CDS), Minister Mehmet Simsek said “Rational policies continue to bear fruit.”
After Minister Şimşek took office, the governor of the Central Bank changed, and finally a new team were appointed as vice presidents. In addition, the policy interest rate had been increased to 17.5 percent.
Simsek emphasized these changes as ‘rational policies’ and said that these steps had borne fruit.
Minister Şimşek’s related post on his Twitter account is as follows: “CDS (risk premium – five-year credit default swap indicating Turkey’s dollar-denominated credit bankruptcy risk, which rose to 700 basis points in May) today saw the bottom of 400 basis points.”
