Turkey's Erdogan Sworn in, Signals Economic U-turn with Cabinet Picks

Ankara - 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 p