Erdogan says Turkiye inflation to fall along with interest rates

Turkiye’s President Recep Tayyip Erdogan speaks with Hungary’s Prime Minister Viktor Orban (L) and France’s President Emmanuel Macron as the participants in the European Political Community Summit take their spots to pose for a family photo in Budapest, on November 7, 2024. (Photo by Ferenc ISZA / AFP)

ANKARA: President Tayyip Erdogan said on Friday that Turkiye’s inflation rate will fall alongside its interest rate, adding that “no one should doubt” the steady decline in inflation, which on an annual basis began in May and fell below 49 percent last month.
Erdogan — who in past years was seen as influencing monetary policy — said that economic steps will continue with discipline and determination to ease price pressures, he was reported by broadcaster TRTHaber as telling reporters on a flight.