Istanbul, June 18 (SocialNews.XYZ) Turkish President Recep Tayyip Erdogan has said that his government would focus on reducing inflation to single digits from the current nearly 40 per cent.
"The uncertainty of the election time is now over. Our hand is stronger," Erdogan told Turkish exporters during a meeting of the Turkish Exporters Assembly in Istanbul, Xinhua news agency reported.
"We will reduce the inflation, which has been a headache also for the world, to single digits... Our new economic leadership will prioritize this issue," he said.
T?rkiye's annual inflation fell to 39.59 per cent in May after hitting a 24-year high of 85.51 per cent in October last year, according to official data.
Erdogan named Mehmet Simsek as the treasury and finance minister after winning the historic elections in May. The new minister has hinted at a return to orthodox policies, including rate hikes.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
