Election assessment from Fitch

Fitch stated in its assessment of the elections, "The elections advancing to the second round are prolonging the uncertainty in the political and economic policies." Credit rating agency Fitch drew attention to the fact that pressures on the balance of payments have increased due to the unconventional policies implemented in Turkey to support growth, and that the political and economic uncertainty in Turkey due to the elections advancing to the second round will continue at least until the end of the month. In the note published by Fitch yesterday, it was stated that the economic policies to be implemented after the elections will be monitored. The note stated that the government to be formed after the elections will face problems such as delayed foreign exchange demand, pressure on the lira, a large budget deficit, a decrease in international reserves and high inflation. The note stated that it will be examined whether the combination of monetary and fiscal policies is more reputable and consistent in terms of credit rating, and said, "It will be monitored how much it provides confidence, how much it reduces risks to macro and financial stability and whether it will facilitate access to external financing."