5/30, 2:32 PM (Source: TeleTrader)
more TeleTrader news

Erdogan: Gov't determined to cut inflation to 'single digits'

Turkish President Recep Tayyip Erdogan on Tuesday stressed that the government will take necessary steps to shield its citizens from the high inflation rate in the country, underscoring that rate will be "again" cut to "single digits."

"We will see the positive results of this as the fluctuations in the global economy subside," Erdogan stressed during his address at the 79th General Assembly of the Union of Chambers and Commodity Exchanges of Turkey (TOBB).

The annual inflation rate slowed in April, clocking in at 43.7%, which marks the lowest figure since December 2021.

Baha Breaking News (BBN) / AB