Turkey's Finance Minister Simsek said on Tuesday that spending discipline and combating the shadow economy will be at the heart of policy, and there are no plans to impose new taxes, according to Bloomberg. Simsek stressed that the lagged effects of monetary policy and negative fiscal shocks will be the main determinants of falling inflation, and dismissed concerns about a trade-off between inflation and growth. Key indicators watched by investors and economists include minimum wage increases and the extent of administrative price and tax increases in 2025. Foreign investors have renewed interest in Turkish assets this year, with many betting on driving the lira up through carry trades or holding short-term bonds.