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Turkish finance minister says economy liberal, growth sustainable

Turkish finance minister says economy liberal, growth sustainable
© Reuters. FILE PHOTO: People shop at a open market in Istanbul, Turkey, June 10, 2022. REUTERS/Dilara Senkaya

ISTANBUL (Reuters) – Turkey’s Finance Minister Nureddin Nebati said on Saturday that the Turkish economy is liberal and will continue to grow in a sustainable way after the government introduced steps to support it.

Speaking to businesses in the southern city of Gaziantep, Nebati also said fight against rising inflation, which hit a 24-year-high of 73.5% last month, remained top priority.

The government launched a series of steps meant to harness its banks and bond markets to cool soaring inflation and stabilise a sliding currency, doubling down on President Tayyip Erdogan’s aversion to raising interest rates.

Source: Investing.com

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