Erdoğan: Progress in Reducing Inflation Amid Ongoing Economic Challenges

Turkish President Recep Tayyip Erdoğan stated that the country has made progress in controlling inflation, which dropped to 49.4% in September 2024, marking the first time it fell below the central bank’s interest rate since 2021. Despite this progress, Erdoğan emphasized the need for more patience to achieve the desired results.

He also highlighted Turkey's strong economic infrastructure, despite regional challenges. Erdoğan noted that central bank reserves reached $156 billion, exports rose to $260 billion annually, and unemployment decreased with increased job opportunities.