November 26, 2019 / 8:30 AM / 12 days ago

Turkey's Erdogan says interest rates, inflation to fall to single digits -NTV

ANKARA, Nov 26 (Reuters) - Turkish interest rates and inflation are on the path to desired levels “despite all the pressures” and both will fall to single digits in 2020, President Tayyip Erdogan was cited as saying by broadcaster NTV on Tuesday.

Speaking to reporters on a return flight from Qatar, Erdogan said the fall in rates and inflation will be permanent, adding that once both figures hit single digits, the economy and currency in Turkey will be “very different.”

Reporting by Tuvan Gumrukcu; Editing by Jonathan Spicer

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