President Erdoğan: We will definitely start lowering interest rates.

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President and AK Party Chairman Recep Tayyip Erdoğan spoke at his party's 8th Ordinary Provincial Congress in Bursa. Stating that they are determined to lower interest rates, Erdoğan said, "Interest rates will decrease so that inflation will also go down."

Highlights from Erdoğan's statements are as follows:

We will establish new mechanisms to ensure that essential goods, apart from luxury products, reach our citizens in a suitable manner. God willing, we will reduce inflation to the level it should be. We will definitely start lowering interest rates. 2025 will be the year of signs for this. Interest rates will decrease so that inflation will also go down.

WE WILL DEFINITELY START LOWERING INTEREST RATES

We will definitely start lowering interest rates. 2025 will be the year of signs for this. Interest rates will decrease so that inflation will also go down. This is our non-negotiable principle. In addition to monetary policy, we will also activate other tools at our disposal to reduce inflation to the level it should be, God willing.

WE WILL TAKE STEPS CALCULATING OUR MOVES

We announced the minimum wage as 22,104 lira. Some people exploded with anger. Sorry, whether you explode or not, we will take our steps calculating our moves. Although a 30% increase is higher than the inflation target, this is a figure that reflects the hard work of our workers, which may not be satisfactory to some, but the number is clear, and it seems that this calculation has settled. This is a figure that considers the balance between employment, inflation, and income. If the employer wants to give more, let them. We are setting the base. If you want to give more, go ahead, no one is stopping you.

THE DECLINE IN INFLATION WILL ACCELERATE

We have no doubt that we will achieve the inflation target for 2025. The decline in inflation will accelerate even more in 2025. If there is a serious deviation, of course, we will not remain indifferent and will make the necessary evaluations. Our belief is that there will be no need for that. After we rein in inflation, it is clear that we will have the opportunity to resolve some issues more comfortably. The reason we ask for patience from our nation is precisely this. By completing 2025 in line with our targets, we will bury the troubles of recent years in history.