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As part of Erdogan’s economic programme, it reduced Turkey Gradually interest rates 500 basis points by the end of last year, causing the currency crisis to erupt in the country. It also reduced the powers interest rates again by 100 basis points to 13 percent in August.
The sharp decline in the value of lira، energy prices And global goods to spiraling inflation to its highest level in 24 years.
And he said Erdogan Who has no economic experience at all "Inflation is not an insurmountable economic threat. I am an expert in economics"according to Archyde.com.
He added in an interview with (BBS) television that inflation will decline after the end of the year. Economists share this view, saying that the annual rate will decline from the beginning of December given the sharp increases in prices during the same period last year, while prices will continue to rise on a monthly basis.
Erdogan added that some countries were already affected by inflation ranging between 8 and 9 percent, while Turkey faced a rate of 80 percent.
He continued, according to the text of the interview published by the Turkish presidency "Store shelves are not empty in the markets in my country. But the shelves are empty even in the United States, and they are empty in France, and they are empty in Germany".
. added "Here citizens can find any kind of products they want to buy in the markets".
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As part of Erdogan’s economic programme, it reduced Turkey Gradually interest rates 500 basis points by the end of last year, causing the currency crisis to erupt in the country. It also reduced the powers interest rates again by 100 basis points to 13 percent in August.
The sharp decline in the value of lira، energy prices And global goods to spiraling inflation to its highest level in 24 years.
And he said Erdogan Who has no economic experience at all, “Inflation is not an insurmountable economic threat. I am an economist,” according to Archyde.com.
He added in an interview with PBS television that inflation will decline after the end of the year. Economists share this view, saying that the annual rate will decline from the beginning of December given the sharp increases in prices during the same period last year, while prices will continue to rise on a monthly basis.
Erdogan added that some countries were already affected by inflation ranging between 8 and 9 percent, while Turkey faced a rate of 80 percent.
He continued, according to the text of the interview published by the Turkish presidency, “The shelves of shops are not empty in the markets in my country. But the shelves are empty even in the United States, and they are empty in France, and they are empty in Germany.”
“Citizens here can find any kind of products they want to buy in the markets,” he added.