President Recep Tayyip Erdoğan answered journalists’ questions about the economy on the plane on his return from his visits to Kyrgyzstan and Hungary.
Erdoğan said: “There have been very positive developments in the economy recently, which make us happy, pleasing developments… 3 credit rating agencies in the world have only increased Türkiye by 2 notches. Apart from that, in the last 5 months, the inflation rate has decreased from 75 percent to 48 percent. What is your prediction for the coming period? What kind of perspective and picture will emerge regarding the economy?’
‘Inflation will now be on a steady decline. No one should have any doubt about this. In the last 2 months, we will see these decreases in inflation together. No one should have any doubt about this. As of now, this downward sign is showing itself. We will hopefully see this decline in inflation without any hesitation.
‘You know my approach. Hopefully, inflation will fall along with interest rates. You should have no worries about this. This is my logic in economics. This is the information I received and learned as an economist. Remember, when Mr. Mehmet was the Minister of Finance, the interest rate was around 4 percent. Inflation had dropped to 5.6 percent. Now we will hopefully bring this back to the agenda of our country. This positive trend will continue with a stable fiscal policy and the implementation of structural reforms,’ Erdoğan said.
‘In addition, external economic conditions and developments in global markets will also affect Türkiye’s economic situation. We will continue our economic steps with the same determination and discipline, taking into account all kinds of risks. I believe that next year we will remove inflation from our agenda and focus on new and major investments. We are strengthening our economic defense against global crises and fluctuations and taking steps to protect our economic independence.