Turkish President Recep Tayyip Erdogan pledged Wednesday to sharply slow inflation in the coming months and relieve citizens of the burden of a high cost of living, APA reports citing Standart.
'Hopefully, we will witness inflation will go downhill in the coming months. Let's make 2023 the turning point of our liberation from the trouble of living cost’, the Turkish President said.
The world has been struggling with waves of economic crisis, but Türkiye has reached its growth targets, Erdogan emphasized, adding that he believed the country would see a growth rate of 4-5 percent by the end of 2022.
Erdogan said his government would announce a new hike in the minimum wage this week as part of its economic packages to fight the country's financial difficulties.
He said the Turkish Central Bank lowered its interest rate to 9 percent in November and called on businessmen to take this advantage to make new investments.
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