The public Inflation in Turkey will show a persistent downward and downward trend by the end of This year, the country’s treasury and financing minister She said on Saturday.
The government It has pledged to reduce high consumer prices to protect families and has been taking them steps permanently to reduce inflation, which hit a new 20-year Average in Walks.
“We’ll all see just fine how Inflation goes down every month in This country from December onwards. Noureddine Al-Nabati said at an iftar party eventMeltdown dinner of newspaper fast During the holy month of Ramadan.
The event Organized by one of Turkey Summit business associations, the Association of Independent Industrialists and Entrepreneurs (MÜSIAD), in Istanbul.
Annual consumer inflation in Turkey jumped to 61.14% in March, according to official data, feed it rising Energy and commodity prices and the implications of The conflict between Russia and Ukraine.
Nabati praised the Turkish economy’s performance in 2021 despite its many challenges led by the coronavirus pandemic.
The country’s GDP expanded by 11%. last yearthat it highest rate in A decade, like economy recoil back from falling of outbreak.
Nabati said the benefit of capabilities rate of Turkey’s manufacturing industry is close to 80%, while exports have jumped to the level record 225 billion dollars (3.3 trillion Turkish liras) in 2021.
CBRT policy pause
Inflation in Turkey has risen since then last Autumn at the Turkish lira declined after the middle bank He launched a 500 basis point facilitation cycle, which came up with the name government supported new economic program Prioritize low interest rates to boost production and exports.
central bank of Republic of Held Turkey (CBRT) key policy rate fixed at 14% in three cash policy meetings this year Inflation said should begin in Part due to core effects and resolution of Ukraine war.
The bank You are expected to keep it one- repo week rate without change again When you are cash policy The committee meets this week, according to opinion polls.
The government He said inflation would drop to the single digits next year under it new economic path Aiming to achieve a current Account surplus.
To face rising Prices and mitigation on Families, Turkey presented many values-added Tax deductions (Value Added Tax) are greatly supported amount of Electricity Bills.
The government last The week introduced a tax cut on Many products, including hygiene and medical products equipmentRearranged taxes in The real Property market.
This came after the tax cut on basic goods and on electricity used for Residential and agricultural irrigation purposes.
MÜSIAD main initiative
For his part, MÜSIAD Chairman, Mahmoud Asmaly, stressed their goal to increase the number of counties up to 30 with over 1 billion dollars in exports with The initiative launched by the association recently.
The initiative, entitled “Anatolia Production and Investment Movement”, aims to expand export-oriented investment and production throughout the country region.
Asmaly pointed out that MÜSIAD named it 2022 a year of Investments, pledges, efforts and projects that will review up Production, exports and employment in Next period.
The first The theater of The initiative consists of investment of About 25 billion Turkish liras ($15.2 billion) made in 40 locations in more out of 20 provinces in The region where Asmali said they were looking forward to it add Dynamic export-oriented production mechanism.
as part of The first Phase, MÜSIAD members have implemented investment projects of 7.6 billion Turkish liras in Samsun, about 4 billion Turkish liras in Adana 1.6 billion Turkish liras in Izmir and 660 million Turkish liras in Sakarya, Asmaly said.
The first He pointed out that the interim investments have the potential to create 25,000 additional job opportunities.
MÜSIAD has an extension total of 164 contacts pointsincluding 83 in Turkey and in 81 countries.
