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President Erdogan made statements at the 18th MUSIAD EXPO.
Highlights from Erdogan’s speech:
” As a country, we are trying to protect the health of our nation and not interrupt production. We are determined to assess conditions as soon as possible and turn the epidemic into an opportunity.
In the period when the second wave of the epidemic hit the world, we are relatively better off. We take the necessary measures in accordance with the recommendations of scientists on the epidemic.
We can overcome the problems caused by the epidemic and the problems caused by the economy with solidarity.
We strengthened the infrastructure of our justice system by renewing all basic laws. We are in an effort to make our country grow again in economy and laws.
It turned out that those who escaped drafting a new constitution with us later made other efforts in the dark circles.
MB’S DECISION TO INCREASE INTEREST
We know that we need to take pain relievers if necessary. Turkey set up, it is necessary to eliminate the interest rate spiral. Interest is the cause, inflation is the result. Recording everything we have under our pillow will open a new horizon for us.
Our main objective is to bring inflation down to single digits as soon as possible, then to the level of our medium-term goals, and to ensure that interest rates are reduced accordingly.
When we do, I think the exchange rate will stabilize.
Interest is the cause. Inflation is the result. Let’s get to know it like this. Inflation is not the cause. Interest is not the result, we are fooling ourselves. In the first place, interest exploits people by making money with money once.
All of our efforts, along with our new management and our country’s economy, by paying full attention to this issue, we hope to recover from this chronic pain.
We will take every step to earn the investor’s trust. We will do whatever it takes to do so. To seize the opportunities of the new age, we will make production-oriented organizations meet the needs.
