November 16, 2019 / 12:41 PM / 25 days ago

Turkey's Erdogan says interest rates to fall, inflation to hit single digits in 2020

FILE PHOTO: Turkey's President Recep Tayyip Erdogan addresses the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 24, 2019. REUTERS/Lucas Jackson/File Photo

ANKARA (Reuters) - Turkish President Tayyip Erdogan said on Saturday that interest rates will continue to fall, after the central bank last month cut rates to 14%, and added he expected inflation to hit single digits in 2020.

Speaking at a ceremony in Istanbul, Erdogan also said he expected the unemployment rate to fall once data for September is released, after unemployment rose slightly to 14% in the three months to September with the youth jobless rate hitting a record high.

Reporting by Tuvan Gumrukcu; editing by David Evans

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below