Exclusive-Turkey's new cabinet almost certain to include Simsek, four sources say


  • World
  • Wednesday, 31 May 2023

FILE PHOTO: Turkish Deputy Prime Minister Mehmet Simsek speaks during a television interview after IMFC plenary the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas

ANKARA (Reuters) - Turkish President Tayyip Erdogan is viewed as almost certain to include former economy chief Mehmet Simsek in his new cabinet, either as finance minister or as a vice president responsible for the economy, four senior officials said.

Simsek was highly regarded by financial markets when he served as finance minister and deputy prime minister between 2009 and 2018. A key role for him now could signal a departure from a years-long unorthodox policy underpinned by low interest rates despite high inflation and heavy state control of markets.

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