Turkish president vows to reduce inflation to single digits

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Turkish president vows to reduce inflation to single digits

STORY: Turkish president vows to reduce inflation to single digits DATELINE: June 18, 2023 LENGTH: 0:01:12 LOCATION: ISTANBUL, Türkiye CATEGORY: POLITICS SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of the press conference by Turkish President Recep Tayyip Erdogan in Istanbul, Türkiye 3. various of the press conference by the Treasury and Finance Minister Mehmet Simsek in Ankara, Türkiye (file) STORYLINE: Turkish President Recep Tayyip Erdogan said on Saturday that his government would focus on reducing inflation to single digits from the current nearly 40 percent. "The uncertainty of the election time is now over. Our hand is stronger," Erdogan told Turkish exporters during a meeting of the Turkish Exporters Assembly in Istanbul. "We will reduce the inflation, which has been a headache also for the world, to single digits... Our new economic leadership will prioritize this issue," he said. Türkiye's annual inflation fell to 39.59 percent in May after hitting a 24-year high of 85.

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