Minister of Treasury and Finance Mehmet Şimşek commented on the effect of market volatility on expectations, anticipating it to be limited. Evaluating inflation expectations, Minister Şimşek shared the following statement on his social media account: “Market participants’ and the real sector’s inflation expectations are improving. The 12-month inflation expectation in market participants has decreased to 24.6%, and in the real sector to 41.1%. Household expectation has seen a slight increase. Although surveys do not reflect recent developments, we expect the impact of market volatility on expectations to be short-term and limited. We believe that the steps taken with strong coordination by all our institutions and the tightening financial conditions will be disinflationary. We will implement our program with determination until we achieve price stability.”