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Inflationary message from EKK

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October 11, 2025
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Inflationary message from EKK

October 11, 2025
in Economy

Inflationary message from EKK

“Our main objective is to further strengthen macroeconomic and financial stability, maintain fiscal discipline, reduce inflation to single digits, and increase productivity and competitiveness,” the Economic Coordination Board said. He issued a statement.

In the statement issued after the meeting of the Economic Coordination Committee (EKK), “We will continue to implement comprehensive structural policies aimed at increasing productivity, increasing employment and job quality, one of the fundamental elements of social development, so that our country achieves the goal of sustainable and inclusive growth and increased long-term welfare.” Expression was used. An EKK meeting was held under the chairmanship of Vice Chairman Cevdet Yılmaz. The meeting at the Presidential Complex was attended by Minister of Finance and Finance Mehmet Şimşek, Minister of Labor and Social Security Vedat Işıkhan, Minister of National Education Yusuf Tekin, Minister of Industry and Technology Mehmet Fatih Kacır, Minister of Trade Ömer Bolat, Chairman of the AK Party Group Abdullah Güler, Vice Chairman of the AK Party Efkan Ala, Deputy Chairman of AK Party Nihat Zeybekci, Chairman of Budget and Strategy of President İbrahim Şenel and Central Bank of the Republic of Türkiye. (CBRT) Chairman Fatih Karahan attended. In the written statement issued after the meeting, it was stated that the seventh EKK meeting this year was held. Recalling the Medium Term Program (2026-2028), which guides the next three years of the economy, shared with the public in September, the following statements were made: “This program is a continuation of the policies we have implemented over the past two years. Our main objectives are to further strengthen macroeconomic and financial stability, maintain fiscal discipline, reduce inflation to single digits, increase productivity and competitiveness growth will be established and welfare will be increased in the long run. In this regard, we will continue to coordinate the implementation of target-oriented monetary, fiscal and income policies. Additionally, we will maintain long-term economic benefits by implementing structural reforms within the established timetable.” The statement emphasized that policy uncertainties and growing protectionist trends in world trade continue to put pressure on the global economy, and stated that Türkiye's share in world merchandise exports reached 1.07% thanks to the implementation of export-oriented policies, market diversification strategies and structural steps to increase competitiveness. “POLICIES WILL BE IMPLEMENTED THAT WILL LET THEM GET MORE SHARES FROM GLOBAL TRADE” In the statement it was stated that important steps were taken to support exporters and facilitate their access to finance, and in this context it was noted that Türk Eximbank's capital was increased, the daily rediscount credit limit was increased, rediscount interest costs decreased and rediscount loans in foreign currencies started to be used again. In the statement, it was emphasized that it aimed to further strengthen Türkiye in global trade by expanding financing opportunities and making more effective use of support mechanisms, especially in the framework of green and digital transformation-oriented policies, and said: “The positive trend in the labor market continues. The unemployment rate has been in single digits for 28 months. We are taking steps for structural reforms to spread cumulative prospects this pole across the labor market, increasing participation in the workforce and enhancing skills matching.” We continue with determination. In this context, we will continue to implement policies aimed at strengthening the quality of the education system, especially vocational education and its harmonization with the workforce, in order to increase the capabilities of the young population”. The relationship and strengthening of qualified employment were discussed. The current stage in the legislative preparation carried out within the framework of dialogue with social partners on new generation work models was discussed. Recent developments on exports and export support of Turkish Eximbank were evaluated.” The statement states that more focus is needed on technology-intensive and high-value-added manufacturing to build a stronger Turkey in the Turkish Century. For our country to achieve sustainable and inclusive growth and long-term well-being, our country will increase productivity, employment and job quality, which are fundamental elements of social development. “We will continue to implement structural policies.” assessment has been performed.

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