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President Tayyip Erdogan signaled Saturday his newly elected government would return to more orthodox economic policies when he named Mehmet Simsek to his Cabinet to tackle Turkey's cost-of-living crisis and other strains.
Simsek's appointment as treasury and finance minister could set the stage for interest rate hikes in the coming months, analysts said, a marked turnaround from Erdogan's longstanding policy of slashing rates despite soaring inflation.
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