Turkey Set to Skip Minimum-Wage Hike in Boost for Investors (1)

Turkey’s government plans to skip a mid-year increase in the minimum wage, according to people with knowledge of the matter, resisting political pressure to alleviate rising living costs.

Such a move would likely be viewed positively by investors, who see restrictions on salaries as a means to gauge the willingness of Turkish officials to tackle persistently high inflation.

While policymakers are aligned on skipping the increase, President Recep Tayyip Erdogan will make the final decision, the people said, asking not to be identified as the outcome hasn’t been set.

The Labor Ministry declined to comment.

Turkey’s annual inflation rate ...