Erdogan: Turkey will cut interest rates

Turkish President Recep Tayyip Erdogan reiterated his economic policy on Saturday, saying interest rates would be lowered further and inflation would fall as a result, days before the release of January inflation data, adding that Turkey's economic problems would be over.

"You know my fight with interest rates," Erdogan told supporters in the Black Sea province of Giresun. "We are lowering interest rates and we will lower them. I know that then inflation will also go down and it will go down even more."

He added, "The exchange rate will stabilize, inflation will decrease, and prices will decrease as well. All of these things are temporary."

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