SAWT BEIRUT INTERNATIONAL

| 14 August 2022, Sunday |

Erdogan says will lower Turkish prices soon as possible

President Tayyip Erdogan vowed on Wednesday that Turkey will bring prices down as quickly as possible after annual inflation rose beyond 36% in December, owing partly to a currency crisis triggered by his unconventional low-rates strategy.

Erdogan said the inflation estimates were not in keeping with economic reality in Turkey in a speech to legislators from his governing AK Party in parliament, and that he anticipated to witness the fruits of Ankara’s economic strategy in the summer.

    Source:
  • Reuters