Turkey’s Simsek Signals Gradual Shift to Conventional Policy

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.