Medium-Term Program Published in the Official Gazette
With the new Medium-Term Program, the year-end inflation forecast was revised upwards, while the withholding tax rate on money market funds was raised to 10 percent.
Within the scope of the Medium-Term Program published in the Official Gazette, the year-end inflation forecast was raised, and the withholding tax rate to be applied to money market funds was re-determined as 10 percent.
Medium-Term Program Published
The Medium-Term Program published in the latest issue of the Official Gazette shared the basic expectations and targets regarding the new period in the economy with the public.
With the implementation of the program, the country's economic roadmap for the upcoming period has become clear.
Inflation Forecasts Increased
With the newly published program, it was observed that an upward update was made in the year-end inflation forecasts.
The economic management emphasized that keeping inflation under control during this process is of critical importance.
Statements from Economic Management
Minister of Treasury and Finance Mehmet Şimşek stated that it is of great importance that inflation does not get out of hand in the current economic conjuncture.
President Recep Tayyip Erdoğan, on the other hand, stated that the resolute stance in the fight against inflation will continue uninterrupted.
Withholding Tax Rate Regulation
Within the framework of the new regulations made, the withholding tax rate applied to money market funds was brought to the level of 10 percent.