February 12, 2020 / 9:51 AM / 13 days ago

Turkey's Erdogan says interest rates will continue to fall

ANKARA, Feb 12 (Reuters) - Turkish President Tayyip Erdogan said on Wednesday that the trend of falling interest rates in Turkey will continue after the central bank more than halved its key interest rate since July last year.

In a speech to lawmakers from his AK Party in parliament, Erdogan said that hopefully annual inflation this year would be below the country’s year-end target of 8.5%.

Reporting by Ece Toksabay and Tuvan Gumrukcu; Writing by Daren Butler; Editing by Dominic Evans

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