ANKARA (Reuters) – Turkish Finance Minister Mehmet Simsek met investors at an investor conference hosted by Deutsche Bank in London on Thursday, where participants said Turkey stood out positively among emerging markets, conference participants said.
Simsek spoke about what has been done in the Turkish economy over the past 12 months and what measures could be taken next year and in the longer term, he said.
He said investors at the meeting saw “Turkey standing out among emerging markets” following economic policy changes over the past year.
More than 150 investors representing 50 trillion euros ($53.6 trillion) worth of assets attended the conference, according to information provided by participants.
Speaking at an event hosted by think tank Chatham House in London on Thursday, Simsek said Turkey’s inflation rate was falling sharply and expected to slow to the mid-teens next year, attracting more international investment.
Turkey’s consumer price inflation rose at an annualized rate of 75.45% in May, but an overhaul of troubled economic policies over the past year under Simsek’s government has raised hopes that the relentless rise in prices may finally be contained.
He said international investors have already started to re-enter Turkey’s short-term bond market and will likely start to take a longer-term interest in Turkey.
(1 dollar = 0.9331 euros)
(Reporting by Nevzat Devranoglu; Writing by Can Cesar and Darren Butler; Editing by William MacLean)
