Politics

Turkey’s Simsek Signals Gradual Shift to Conventional Policy

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Turkey’s Treasury and Finance Minister Mehmet Simsek has indicated he will take gradual steps in steering toward more conventional policies, as the nation looks to restore investor confidence. 

A former Merrill Lynch strategist, Simsek signaled in two meetings with bankers and business people on Friday that adjustments will be made slowly to avoid unwanted side-effects, according to people familiar with the matter, who declined to be identified as the talks were private.

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