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Erdogan: We Have The Ability To Rapidly Reduce Inflation

TURKEY

President Recep Tayyip Erdogan currently addressing a group of economists at the Economic Transformation and New Paradigms Summit in Istanbul.

  • Livestream: https://twitter.com/i/broadcasts/1DXxyvkPQbVKM
  • Erdogan: 'We know what we are doing, why we are doing it and where we are going to go."
  • Erdogan: "We have created our own economic model to save our country's economy from the grip of interest rates and exchange rates....We have the ability to rapidly reduce inflation...We have resolved exchange rate operations with alternative methods"
  • With inflation running at elevated levels and the lira at all-time-lows against the US dollar, Erdogan is under increasing political pressure to alter the country's economic course, with elections approaching in June 2023.
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President Recep Tayyip Erdogan currently addressing a group of economists at the Economic Transformation and New Paradigms Summit in Istanbul.

  • Livestream: https://twitter.com/i/broadcasts/1DXxyvkPQbVKM
  • Erdogan: 'We know what we are doing, why we are doing it and where we are going to go."
  • Erdogan: "We have created our own economic model to save our country's economy from the grip of interest rates and exchange rates....We have the ability to rapidly reduce inflation...We have resolved exchange rate operations with alternative methods"
  • With inflation running at elevated levels and the lira at all-time-lows against the US dollar, Erdogan is under increasing political pressure to alter the country's economic course, with elections approaching in June 2023.