“The burden of inflation will remain for the whole of 2022,” Turkish Finance Minister Nurettin Nebati said in an interview with Habertürk.
Despite this statement, the Turkish Ministry of Foreign Affairs noted that it expects inflation to decrease during the summer period.
He went on to say that according to his estimates, inflation will reach around 24% in December 2022, while he proudly stated that around May 2023, he expects inflation to be in single digits. “As long as we go to the polls, and that is our goal, inflation will fall to single digits.”
At the same time, trying to reassure markets that a few months ago were worried that Recep Tayyip Erdogan’s government had or did not seem to have any plans to fight inflation, Nebati said “inflation is the biggest and most important problem”. Turkey.
He went on to say that in his view, Turkey has managed to find itself at a competitive level in terms of exchange. At noon on Friday (2.30 Greek time) the pound was trading at 13.47 against the dollar, with “secret interventions” of the Central Bank of Turkey to continue.
“Tomorrow we will announce a package of measures and we are trying to reverse the psychology with the steps we will take in terms of burdens in both the private and public sectors,” Nebati said of his plan. to bring “gold hidden under the mattress” to the financial system.
In addition, the Turkish Ministry of Foreign Affairs described the “fantastic” meeting he had with British investors in Londonduring which he tried to explain Erdogan’s economic policy to them
Petros Kranias
Source: Capital
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