Fitch has upgraded Turkey's credit rating, citing the government's shift back to orthodox economic policies as a key factor in reducing financial stability risks and easing balance-of-payments pressures. This upgrade reflects increased confidence in the durability and effectiveness of the policies implemented since the pivot in June 2023. Turkish Finance Minister Simsek projected that the inflation rate would fall by 20-25 percentage points by the summer, supported by eased inflation expectations and moderated external liquidity risks. Fitch's positive outlook also indicates a significant decline in Turkey's inflation, highlighting more favorable external financing conditions.
Turkey’s credit rating was upgraded by Fitch, as the government’s return to orthodox economic policy reduces financial stability risks and balance-of-payments pressures https://t.co/V6znwjX1Et via @aslikandemir
Turkey’s credit rating was upgraded by Fitch, as the government’s return to orthodox economic policy reduces financial stability risks and balance-of-payments pressures https://t.co/iR7xngEWzz
🔴 FITCH ON TURKEY: INFLATION EXPECTATIONS EASE AND EXTERNAL LIQUIDITY RISKS MODERATE, REFLECTED BY MORE FAVORABLE EXTERNAL FINANCING CONDITIONS
🔴 FITCH POSITIVE OUTLOOK INDICATES CONSISTENT MACRO POLICY STANCE AND SIGNIFICANT DECLINE IN TURKEY'S INFLATION
🔴 FITCH: TURKEY'S UPGRADE REFLECTS INCREASED CONFIDENCE IN DURABILITY AND EFFECTIVENESS OF POLICIES IMPLEMENTED SINCE PIVOT IN JUNE 2023
❖ TURKISH FINANCE MINISTER SIMSEK: INFLATION RATE TO FALL 20-25PPTS AS OF SUMMER