Summary
[Turkish President Erdogan: Will not raise interest rates to curb inflation]Turkish President Erdogan said on Friday that Turkey has given up on raising interest rates as a tool to control inflation, and emphasized that the measures he introduced this week are only It took a day to stabilize the Lira exchange rate. Erdogan said: “We have put aside the traditional economic theory, that is, increase interest rates to control inflation.” He said that the government’s current focus is to boost investment, employment, production, exports and current account surpluses. economy. (Associated Finance Press)
Turkish President Erdogan said on Friday that Turkey has given up on raising interest rates as a tool to control inflation, and emphasized that the measures he introduced this week took only one day to stabilize the Lira exchange rate.Erdogan said: “We have put aside the traditional economic theory, that is, by improvinginterest rateTo control inflation. “He said that the government’s current focus is to boost the economy through investment, employment, production, exports, and current account surpluses.
(Article source: Financial Associated Press)
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