Turkish
Treasury and Finance Minister Berat Albayrak said that his country has recently
seen an economic balance after the increase of foreign trade figures and the
confidence of global investors.
This
came in a speech during the summit, "Turkey's big goal 2023", on
Monday, stressing that his country will leave behind the bad economic period
experienced by high inflation, interest and exchange rates, as of October this
year.
Albayrak
said that the Turkish economy will witness a decrease in inflation and interest
rates during the next two months of this year, thanks to the program "full
curb inflation," which launched recently.
Key
measures of the anti-inflation program include a 10% reduction on high-interest
loans and at least 10% reduction in commodity and product prices by the end of
the year.
The
Turkish Statistical Institute announced last Wednesday that the rate of
inflation rose by 6.30% in September to reach an annual inflation rate of
24.52%.