Turkey’s Erdogan Says Determined To Lower Interest Rates To Targeted Levels

www.oann.com | 5/2/2019 | Staff
tanikaki (Posted by) Level 3
ANKARA (Reuters) – President Tayyip Erdogan said on Thursday he was determined to lower interest rates to targeted levels and described recent comments on falling central bank forex reserves as aimed at creating negative sentiment towards Turkey.

“Together, we will win this battle against those trying to trap Turkey in the exchange rate, interest rate and inflation plot,” he said in a speech to business people in Ankara. “We are certainly determined to lower exchange rates, interest rates and inflation to targeted levels,” he added.

Bank - Governor - Tuesday - Interest - Rate

The central bank governor said on Tuesday interest rate hikes remained an option if inflation unexpectedly jumps and defended the bank’s reserves policy against concerns that have...
(Excerpt) Read more at: www.oann.com
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