Turkish deputy PM Simsek speaking in Washington
These from a few minutes ago, I posted Jordan's comments as a priority: SNB's Jordan: CHF below 1.2 (against euro) a move in right direction
Simsek:
- Monetary policy has been tightened recently
- High inflation is a result of weak TRY
- Bringing inflation to sing digits is a key government priority
- Corporate sector has a sizable short FX position
- Limits on FX borrowing should reduce volatility in lira
TRY not bothered: