President Erdoğan answered the questions of members of the press on his return from his trip to Albania. Expressing that, President Erdogan said, “Our approach is to set the threshold at 7 percent.”.
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President Erdogan made statements to the journalists after his visit to Albania and answered their questions.
< Stating that they had productive talks with the Albanian Prime Minister Edi Rama tete-a-tete and between delegations, Erdoğan expressed his satisfaction with the progress achieved in bilateral relations in recent years.
KUR PROTECTED DEPOSIT
“The most critical day in the recent economic history was December 20, 2021. Do you find the point reached in currency-protected deposits satisfactory?
In particular, it stopped the conversion of TL to foreign currency, but from foreign currency to TL’ Are there any new steps to encourage the transition to And you made a very important move regarding inflation.
There are really groundbreaking moves so that those with low and fixed incomes are not crushed by inflation. But at the same time, it is necessary to manage an expectation of a downward trend in inflation.
When do you think inflation enters a downward trend in a way that creates a feeling that the cost of living is decreasing in the daily life of society in real terms?. What will you do about it?” On the question, Erdogan said: “First of all, we are pleased with our citizens’ interest in deposits with currency protection..
We are very pleased with the decrease in the volatility in exchange rates and the continuation of the stability.
The continuation of the stability in the financial markets and the increase in the interest in TL further work continues. On the other hand, you know, I have a claim; ‘interest is the cause, inflation is the result’.
As a matter of fact, the result shows itself. Inflation has fallen, it will. That’s for sure for once.. December 20 was a turning point here. It is my nation’s right to wait for inflation to decline, it is our goal as well, and we will achieve it anyway.. But interest rates have also started to decline.
As you know, it came to 12 or even lower.. Sthen there was a breakout again. But we’ll take that down too. This will be shaped according to the conditions in the economy.
Because this is such a situation that, as I always say, it flows in the creek bed. We will catch the same situation here as well.. Gradually, gradually, without haste, the exchange rate will decrease, the interest rate will decrease in the same way, and 2022 will be our brightest year.. This is how we will enter 2023 anyway.. This brings inflation down, inflation will fall.”