Turkey's medium-term economic program is yielding its fruits with an improvement in fiscal indicators, the Treasury and Finance Minister said on Thursday.
Turkey's five-year credit default swaps (CDS), the risk premiums on treasury securities, fell further to the lowest level in more than four years, Mehmet Simsek said.
CDSs fell 435 basis points from last year to 268 basis points, their lowest level since February 2020, Şimşek said on the X platform.
Citing the Turkish Central Bank's weekly figures on Thursday, he said official reserve assets had hit $134.4 billion as of May 10.
“The positive results of our program and financial stability strengthened by growing confidence will make a significant contribution to disinflation,” Simsek wrote.