Erdoğan vows to maintain Turkey's struggle against interest rates and inflation
"You know of my battle with interest rates. We are lowering interest rates and we will lower them. Know that inflation will fall too then, it will fall more. Exchange rate will stabilise and inflation will fall, prices will fall too, all of these are temporary," Turkey's President Recep Tayyip Erdoğan told supporters in the Black Sea province of Giresun on Saturday.
- World
- Reuters
- Published Date: 04:28 | 29 January 2022
- Modified Date: 04:41 | 29 January 2022
President Recep Tayyip Erdoğan repeated his economic policy on Saturday, saying interest rates would be lowered further and inflation would fall as a result. The Turkish leader also added that Turkey's economic woes would pass.
"You know of my battle with interest rates. We are lowering interest rates and we will lower them. Know that inflation will fall too then, it will fall more," Erdoğan stressed in his speech during a ribbon-cutting ceremony in the Black Sea province of Giresun.
"Exchange rate will stabilise and inflation will fall, prices will fall too, all of these are temporary."
- Turkish foreign minister visits Maldives, meets counterpart
- Italy's 80-year-old president wins vote to stay for 2nd term, says feels 'sense of duty'
- Thousands protest COVID mandates and restrictions in Ottawa
- Russia to move naval exercises away from Irish coast, ambassador says
- Australia will spend 35 million dollars to protect koalas