Erdogan hopes Türkiye will attract more investors

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Erdogan hopes Türkiye will attract more investors

STORY: Erdogan hopes Türkiye will attract more investors SHOOTING TIME: Dec. 22, 2023 DATELINE: Dec. 23, 2023 LENGTH: 00:01:01 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul Stock Exchange in Türkiye 2. various of Turkish President Recep Tayyip Erdogan and officials STORYLINE: President Recep Tayyip Erdogan said on Friday Türkiye would attract more investors as a result of the surge in inflation being brought under control and the decline in the country's risk premium. "Our risk premium declines. With the rise in our credit note, more foreign investors will come to our country," Erdogan told a ceremony in Istanbul. "We believe that the flow of resources to our country will accelerate as the increase in inflation is brought under control," he said. Since Erdogan's reelection as Turkish president in May, Türkiye's central bank increased the policy rate from 8.5 to 42.5 percent. On Thursday, the central bank increased its policy rate by 250 basis points to 42.5 per

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