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Nureddin Nebati: There will be no interest rate cut in the near term

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Treasury and Finance Minister Nurettin Nebati said that the inflation target for the end of 2023 is 19.9 percent.

According to the news of Ebru Karatosun from the Turkish newspaper; In his presentation at the Kızılcahamam camp, Minister Nebati stated that one of their 2023 goals is to ensure a permanent decrease in inflation rates.

48-49 percent for the end of 2022; Sharing a 19.9 percent inflation forecast for the end of 2023, it was reported that Nabati said that no interest rate cut was planned in the near future, and that interest rates could be lowered after the expected improvements in economic indicators.

On the other hand, Treasury and Finance Minister Nurettin Nebati, in his statement 6 months ago, argued that inflation would peak in January, but that Turkey would enter the 2023 elections with a single digit inflation rate. Nabati had repeated his words in March that he would enter the elections with single-digit inflation.

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