The fund said on Saturday that the shift in policy had reduced economic imbalances and restored confidence, adding that improved sentiment in the market resulted in a shift in the interest of foreign and local investors to assets denominated in the lira.
And raise Central Bank of Turkey The key interest rate was raised to 50 percent from 8.5 percent to counter the rise Inflation.
The government has increased taxes and some fees to boost income while implementing fiscal measures to reduce risks facing the economy.
Official data showed that the annual inflation rate in Türkiye It fell to 49.38 percent in September after reaching 52 percent in August, which is below the interest rate set by the central bank for the first time since 2021 and exceeds expectations.
According to the Turkish Statistical Institute, the consumer price inflation rate in September reached 2.97 percent on a monthly basis, far exceeding the expectations of a Reuters poll of 2.2 percent.
In August, the monthly consumer price inflation rate was 2.47 percent, while the annual rate was 51.97 percent.
