Turkish President Recep Tayyip Erdogan said the cabinet expects to reduce inflation in the country to single digits. This was reported by RIA News.
Erdoğan noted that authorities are trying to minimize the financial burden despite the epidemic, regional wars, global economic crisis and the devastating earthquake in southeast Turkey. According to the President, the government will once again reduce inflation to single digits and ensure a stable, sustained growth in the well-being of all segments of Turkish society.
However, Erdoğan did not specify a specific time for the completion of this task.
Before reportedIt is predicted that inflation in Turkey may reach an average of 44.19 percent by the end of 2024.
National currency of Turkey on March 11 updated Against the record, the price of 1 dollar fell below 32 lira for the first time in history.
Formerly the Central Bank of the Republic of Türkiye took a break In increasing the key rate.