"Turkey's New Finance Chief Signals Shift Towards Rational Economic Policies"

Turkey's newly appointed finance minister, Mehmet Şimşek, has announced that the country will have to return to "rational ground" in its handling of the economy in order to bring down rampant inflation. The country has seen its consumer prices skyrocket over the past two years, with inflation hitting an official 24-year high of 85.5 percent in October. Şimşek's appointment has been seen as a signal that Ankara could return to a more conventional economic policy.