Erdogan Says Period of Real TRY Depreciation is Over

Turkey’s disinflation program is very likely to lead to a real appreciation of TRY, A Haber cite President Erdogan as saying in an interview with journalists.

• “Period of real depreciation of the Turkish lira has come to an end. The lira will possibly appreciate in real terms,” he said.
• “We will gain investor confidence with the healthy policies and structural reforms we implement. This confidence will trigger fund flows.” Erdogan says this process will accelerate disinflation and limit the downside risks to growth.
• Turkey’s GDP growth will be modest and inflation will slow down eventually, Erdogan added.