Turkey’s Erdogan Sees Inflation Improving With ‘Steps’ on Rates

Turkish President Recep Tayyip Erdogan says the inflation outlook will improve even further in the final quarter of the year as the country takes “steps” on interest rates.

“We will wait for the fourth quarter” in order to see full relief from high inflation, Sabah newspaper cited Erdogan as saying on the plane after a visit to Spain. “We are keeping a firm grip, but in the end it comes down to interest rates. Hopefully we will bring inflation to a more favorable level in the fourth quarter with the steps we will take on interest rates,” Erdogan said.