Turkey will achieve withdrawal down Inflation “sooner or later”, in similar way managed to ensure installation in foreign exchange and removed Interest rates agenda, treasury and financing minister He said on Tuesday.
eat breakfast, and fast- Breakfast meal throughout the month of Ramadan, in Noureddine Nabati said in the capital, Ankara, that inflation will happen drop To a reasonable level in the end of The yearwhich will continue to follow decline.
“If the exchange rate Interest rates are stable off Agenda, we will come down Inflation sooner or later event Organized by the Association of Independent Industrialists and Entrepreneurs (MÜSIAD).
Annual consumer price inflation in Turkey jumped to -20year Average of 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.
Inflation 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 Turkey held 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 government He said inflation would go down 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.
Nabati said Turkey would “break the inflation stagnation.” caused by effect of deterioration in Expectations in spite of all these steps We took” by developing alternative investment vehicles.
“in the end of The yearWe will see that inflation has fallen to a reasonable level.” added.
