Erdogan promises interest rate cut

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When the governor of Turkey was fired without explanation last week, it was assumed that the differences with President Recep Tayyip Erdogan were behind. Erdogan advocated lowering interest rates in order to stimulate economic growth in the country, opposed by Governor Murat Cetinkaya.

Now Erdogan seems to confirm the veracity of these assumptions. On Sunday, the president announced a “big reduction in interest rates.”When the interest rate will be reduced, you will see that inflation falls properly, Erdogan told Habertürk.

Marc Jacobs

Author: Marc Jacobs

I am a journalist by profession. I have been working as a journalist for 15 years, first as a reporter and eventually as an Editor. I finished Journalism from the University of the Philippines. I have a Master's Degree in Literature from the University of Santo Tomas, where I graduated cum laude. I am currently taking my PhD in Literature also in UST.