Turkish Central Bank’s credibility must be increased: finance minister

Mehmet Simsek says that first quarter indicators of Turkey’s economy are ‘not very good’

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The Turkish Central Bank's hand must be strengthened by increasing its credibility, Finance Minister Mehmet Simsek said on Saturday.

The Turkish lira has lost more than 10 percent of its value against the dollar this year over concerns of political interference in central bank policy.


Speaking at an economic conference, Simsek said the Turkish economy had endured a slow start to 2015 and that first quarter indicators were "not very good," but said growth of close to 4 percent was possible this year if domestic and global factors improved.

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