Turkish President Tayyip Erdogan's son-in-law and newly appointed Treasury and Finance Minister Berat Albayrak attends a news conference at the Presidential Palace in Ankara, Turkey July 9, 2018. REUTERS/Umit Bektas/File Photo
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Turkey is continuing its strong economic growth trend and the foundations of its economy are strong, new Finance Minister Berat Albayrak was quoted as saying by state media Sunday.Albayrak's comments, therefore, are closely watched by investors for clues on whether he will seek to calm financial markets by adopting a more orthodox approach to monetary policy or reiterate Erdogan's views that high interest rates stoke inflation.Following his appointment, Albayrak said the central bank is independent and will do whatever economic realities and market conditions necessitate.
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