Published 2 years ago

Erdogan says interest rates will be lowered and inflation will fall too

Summary by Ground News

Turkey saw December inflation soar to its highest level in Erdogan's 19-year rule. A Reuters poll on Friday showed it is expected to hit a near 20-year high of 47% in January. Erdogan: "Exchange rate will stabilize and inflation will fall, prices will fall too, all of these are temporary"

0 Articles

All

Left

Center

Right

Reuters

Erdogan says interest rates will be lowered and inflation will fall too

ANKARA - President Tayyip Erdogan repeated his unorthodox economic policy on Saturday, saying interest rates would be lowered further and inflation would fall as a result, days before inflation data for January is announced, adding Turkey's economic woes would pass. Embroiled in a currency crisis fuelled by the central bank's move to slash rates by 500 basis points since September as

2 years ago·United Kingdom

Read Full Article

National Post

Erdogan says interest rates will be lowered and inflation will fall too

ANKARA -- President Tayyip Erdogan repeated his unorthodox economic policy on Saturday, saying interest rates would be lowered further and inflation would fall as a result, days before inflation data for January is announced, adding Turkey's economic woes would pass. Read More

2 years ago·Canada

Read Full Article

OAN

Erdogan says interest rates will be lowered and inflation will fall too

January 29, 2022ANKARA (Reuters) – President Tayyip Erdogan repeated his unorthodox economic policy on Saturday, saying interest rates would be lowered further and inflation would fall as a result, days before inflation data for January is announced, adding Turkey’s economic woes would pass.Embroiled in a currency crisis fuelled by the central bank’s move to slash rates by 500 basis points since September as part of an economic model enginee…

2 years ago·San Diego, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.