Middle East
Erdogan says Turkey will break shackles of interest rates
ReutersFebruary 17, 2022
ANKARA, Feb 17 (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.
Reporting by Tuvan Gumrukcu and Nevzat Devranoglu Writing by Daren Butler Editing by Ali Kucukgocmen
Ankara central bankcurrency plunged debateErdogan inflation lira crisis
Related Articles
RECOMMENDATIONS
Egypt
Egyptian criminal court sentences murderer of Naira Ashraf to capital punishment
June 28, 2022
Presenter Shaima Gamal killed by judge husband, postmortem results show suffocation
June 28, 2022
Sudan files complain against Ethiopia to the UN Security Council
June 28, 2022
See More
All rights reserved, Al-Masry Al-Youm. 2022
About Advertise Contact Us Copyrights PrivacyTerms
Egypt Independent