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Nebati Says Economic Policy Won't Change After Elections

TURKEY

Summary of comments from Turkey Finance Minister Nebati (via BBG):

  • Turkey economy policies won't change after elections
  • Turkish lira at 'where it should be'
  • Issue of inflation has been resolved
  • Early indicators suggest 2022 GDP growth to exceed 5%
  • Interest rates in new mortgage campaign to be below 1%

Recall data this morning showed that consumer prices rose an annual 64.3% in December (Exp. 66.7%), down from 84.4% the previous month and recording the fastest pace of deceleration in over 25 years.

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