Nureddin Nebati

In its fourth meeting, the Price Stability Committee vowed to fight soaring inflation rates with "new policies to achieve security of supply against excessive price hikes," according to a statement released by the Treasury and Finance Ministry late on April 5.

The government is determined to lower inflation permanently and is taking steps in that direction, Treasury and Finance Minister Nureddin Nebati has said.

He noted that the annual inflation rate came in at 61 percent in March, but inflation will ease to more reasonable levels toward the end of the year.

The Turkish economy expanded 11 percent year on year in 2021 in line with market expectations, according to official data revealed on Feb. 28. 

"Gross domestic product at current prices increased by 42.8 percent and reached 7.2 trillion Turkish Liras [nearly $518 billion] in 2021 compared with the previous year," the Turkish Statistical Institute (TÜİK) said in a statement.

Treasury and Finance Minister Nureddin Nebati on Feb. 21 met with delegations of Turkish exporters and automotive distributors.

"We have held an inclusive consultation meeting on our recent policies and actual topics, particularly Turkey Economy Model focused on investments, production, exports and employment," Nebati said in a tweet.

Turkey aims to attract nearly 5,000 tons of under-the-mattress gold into the financial system, Treasury and Finance Minister Nureddin Nebati said at a press conference in London on Feb. 8.

The top executives of the three Turkish state lenders - Ziraat, Halkbank and Vakıfbank - have pledged to grant loans to Turkish businesses in a bid to support economic development and increase prosperity.

General managers of Turkey's three state banks met with businesspeople in the northwestern province of Bursa on Feb. 3.

Inflation rates in Turkey could peak in April before falling to single digits by the June 2023 general election, Treasury and Finance Minister Nureddin Nebati told Nikkei Asia in an interview published on Feb. 3. 

Turkey aims at a "balanced" economic growth with an improvement in the inflation outlook, a statement said after the Economy Coordination Board meeting in Ankara on Jan. 18.

Several ministers and Turkish Central Bank Governor Şahap Kavcıoğlu attended the meeting chaired by Vice President Fuat Oktay.

Turkish President Recep Tayyip Erdoğan is meeting Treasury and Finance Minister Nureddin Nebati, Central Bank Chief Şahap Kavcıoğlu and the CEOs of state banks today in Istanbul.

The meeting is taking place at the Vahdettin Pavilion in Istanbul.

Turkey,

Treasury and Finance Minister Nureddin Nebati has said he had a "fruitful" meeting with the representatives of the business world in Istanbul.

"We held a productive meeting today with our representatives from the business world, the real sector and [nongovernmental organizations] NGOs," Nebati wrote on his Twitter account on Dec. 11 after the meeting.