May 23, 2018 / 4:38 PM / in a month

Turkey needs to restore monetary policy credibility: Deputy Prime Minister

ISTANBUL (Reuters) - It is high time that Turkey restored monetary policy credibility, Deputy Prime Minister Mehmet Simsek said on Wednesday, shortly after the central bank said its Monetary Policy Committee had convened.

FILE PHOTO: Turkish Deputy Prime Minister Mehmet Simsek speaks during a television interview after IMFC plenary the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas

In tweeted comments, Simsek also said he supported any action by the central bank to stem the slide in the lira and achieve price stability.

Reporting by Ece Toksabay; Writing by Ali Kucukgocmen; editing by John Stonestreet

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