A new social housing project is starting for low-income individuals.

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President and AK Party Chairman Recep Tayyip Erdoğan spoke at his party's Bursa 8th Ordinary Provincial Congress. Erdoğan, who said, "We have no doubt that we will achieve the 2025 inflation target unless there is an extraordinary development in our region and the world," gave a message of determination in the fight against inflation. He announced that a new social housing project aimed at low-income citizens will be implemented.

Highlights from Erdoğan's speech are as follows:

"OUR PRIORITY IS TO REDUCE INFLATION"

Those who made extravagant promises left behind irreparable damage. We said we would do our best for Turkey under all circumstances. We did not compromise from this stance. The main goal of our economic program is to compensate for the loss of welfare as soon as possible. The priority of the program we implemented is to reduce inflation.

"BOYCOTT EXPENSIVE PRODUCTS"

Inflation is practically the mother of all evils. Boycott expensive products. The value of unsold products diminishes.

"WE WILL LAUNCH A SOCIAL HOUSING PROJECT"

Housing and rent prices play a very important role in the increase of inflation. We saw the impact of these factors on inflation in 2024. We plan to launch a social housing mobilization in our country starting from the summer months when the construction activities in the earthquake-affected areas will largely be completed.

"WE WILL DEFINITELY LOWER INTEREST RATES"

We will definitely start lowering interest rates. 2025 will be the year of signs for this. Interest rates must decrease for inflation to also fall. This is our non-negotiable requirement. In addition to monetary policy, we will also activate other tools at our disposal to hopefully bring inflation down to the necessary level.

"INFLATION TARGET WILL BE ACHIEVED IN 2025"

Unless there is an extraordinary development in our region and the world, we have no doubt that we will achieve the inflation target in 2025. By reducing inflation, we want to increase the purchasing power of our entire nation in a way that will relieve them, and to raise the welfare level by keeping prices stable. By completing 2025 in line with our goals, we will bury the troubles of recent years in history.

MINIMUM WAGE STATEMENT

If there is a very serious deviation in the inflation rate, of course, we will not remain indifferent to this and will make the necessary evaluations."