[ad_1]
Turkish President Recep Tayyip Erdogan has said that in the past he has managed to reduce inflation by about 4% and that he will be able to do so again, as annual prices have risen by 21%.
Erdogan said the new policy, based on low interest rates, was part of a “successful fight for economic independence”. But the opposite has been said by most economists, who state that they are wrong and predict that inflation will go beyond the figure of 30% over the next year.
“Sooner or later, as we reduced inflation by 4 percent when I came to power, we will reduce it again. “God willing, inflation will soon start to fall.” he added.
On Friday, the Turkish national currency, the lira, hit a record low against the US dollar. During this year, the lira has lost about 55 percent of its value, including 37 percent of its value has lost in the last 30 days alone.
top channel
[ad_2]
Source link
