Turkey’s Erdogan says interest rates to fall, inflation to hit single digits in 2020

Last updated: 16th November 2019 5:50 pm

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ANKARA (Reuters) – Turkish President Tayyip Erdogan said on Saturday that interest rates will continue to fall, after the central bank last month cut rates to 14%, and added he expected inflation to hit single digits in 2020.

Speaking at a ceremony in Istanbul, Erdogan also said he expected the unemployment rate to fall once data for September is released, after unemployment rose slightly to 14% in the three months to September with the youth jobless rate hitting a record high.

(Reporting by Tuvan Gumrukcu; editing by David Evans)

TAGGED:AKP Economy Erdogan

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