Turkey Aims to Slash Inflation Below 10% by 2026

Turkey's Finance Minister, Mehmet Simsek, has announced a target to bring the country's high inflation down to the "20% range" in early 2026. The goal is part of a new macroeconomic stability and reform program. Minister Simsek stated the plan aims to eventually reduce inflation to single digits. The program's key objectives are to lower inflation and increase economic predictability for the nation.