Quantcast
Erdogan says Turkey to attain single-digit interest rates, inflation in 2020 - Metro US

Erdogan says Turkey to attain single-digit interest rates, inflation in 2020

Reuters

ANKARA (Reuters) – Turkey will attain single-digit interest rates and inflation in 2020, President Tayyip Erdogan told state broadcaster TRT Haber on Monday, adding this will pave the way for an increase in investments.

Turkey’s central bank has cut its policy interest rate by 10 percentage points since July to 14%. A Reuters poll last week showed it is expected to cut another 1.5 percentage points at its rate decision on Thursday.

(Reporting by Tuvan Gumrukcu; Editing by Chris Reese)

More from our Sister Sites