![‘Rational’ monetary policies are back, says Turkey’s finance chief, as he seeks to stabilize inflation-ridden economy](https://fortune.com/img-assets/wp-content/uploads/2024/05/Mehmet-Simsek-Turkey-Christopher-Pike-Bloomberg-GettyImages-2152489250-e1716887426958.jpg?w=2048)
‘Rational’ monetary policies are back, says Turkey’s finance chief, as he seeks to stabilize inflation-ridden economy
FortuneTurkey had kept interest rates low amid soaring inflation, against conventional wisdom, leading investors to desert its bond market.