Erdogan says Turkey will break shackles of interest rates

Last updated: 17th February 2022 4:35 pm

1 Min Read

(Reuters) – President Tayyip Erdogan said on Thursday Turkey will break the shackles of interest rates and that debate on the issue had largely dropped off the agenda as the lira has stabilised, after the currency plunged 44% against the dollar last year.

In a speech in the capital Ankara, ahead of the central bank’s latest decision on interest rates, Erdogan said the government’s goal was to lower inflation to single digits, after it neared 50% in January.

Share This Article

By News About Turkey - NAT

Follow:

Founded by a small group of Turkish/Kurdish scholars who have been subjected to persecution at the hands of the Erdogan dictatorship, News About Turkey (NAT) has emerged as a platform that is both exceptional and invaluable. Our objective is to provide you with a comprehensive and sophisticated understanding of the events and developments in Turkey (Türkiye), a country with profound historical and geopolitical importance, a vibrant culture, and a strategic location. Our founders, who have been purged by the Erdogan regime after the so-called coup attempt, are aware of the significance of journalism that is both free and independent. Because of this understanding, we are committed to providing reporting and analysis that is both objective and comprehensive. To give you the most thorough coverage of Turkey, we go further than just scratching the surface. Keep in touch with us so that you can have a better understanding of Turkey's developing story as well as vital and comprehensive news items. Whether you are a resident of Turkey, a member of the Turkish/Kurdish diaspora, or simply someone who has a strong interest in this vital country, we are the most reliable source for news that not only informs but also inspires and engages you.