Turkish finance minister sees single-digit inflation by mid-2023

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Turkish finance minister sees single-digit...
 © CyprusMail 2022
Turkey’s annual inflation rate will be in single digits by the time presidential and parliamentary elections set for mid-2023 are held, Finance Minister Nureddin Nebati said on Saturday.

Inflation hit a 19-year high of 36 per cent in December after the central bank slashed interest rates under pressure from President Tayyip Erdogan, causing a currency crisis that led to the lira shedding 44 per cent of its value in 2021.

Speaking to heads of non-governmental organisations in Istanbul, Nebati said Turkey’s only problem now was high inflation, and the volatility in the lira’s...


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Article automatically added to our system on Saturday, January 15, 2022

Turkish finance minister sees single-digit inflation by mid-2023


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Article Tags: #turkish   #finance   #minister   #single   #digit   #inflation  


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