Limited Impact: Turkish Vice President on Economic Fluctuations

Turkish Vice President Cevdet Yilmaz addressed market fluctuations due to Istanbul's mayor's detention, reassuring that the economic impact will be limited. Speaking to HaberTurk, he noted the potential influence of inflation expectations and currency volatility on the government's year-end forecasts, though expecting them to remain limited.

Turkish Vice President Cevdet Yilmaz expressed optimism on Tuesday regarding the limited economic impact of recent market fluctuations, ensuing from Istanbul's mayor's detention.

In an interview with broadcaster HaberTurk, Yilmaz acknowledged the concerns about worsening inflation expectations and currency volatility.

He assured, however, that any impact on the government's year-end economic forecasts would likely remain contained.

(With inputs from agencies.)