ISTANBUL — British economist Timothy Ash has praised Türkiye’s economic administration, highlighting the resilience of the Turkish lira and the central bank’s tight monetary stance amid ongoing economic challenges.
Ash stated that the Central Bank of the Republic of Türkiye (TCMB) is unlikely to begin cutting interest rates this year, emphasizing that maintaining a cautious monetary policy remains necessary to control inflation and preserve market stability.
He also pointed to the fact that the Turkish lira has avoided a major collapse despite economic pressures and global financial volatility, describing this as a significant achievement for the country’s economic management.
According to Ash, the current policy framework has helped restore confidence among investors and demonstrated a more disciplined approach by Turkish authorities in handling inflation and currency risks.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök