Inflation Statement from the Finance Minister: I Hope I’m Not Wrong

Minister of Treasury and Finance Nureddin Nabatimade some comments on the agenda. Meeting with the Japanese press, Nebati said that the Turkish lira lost around 45 percent of its value in 2021, and that it would not be more than that. Minister Nabati, “As the Turkish lira depreciated by around 45 percent last year, more negative developments in the lira, therefore We do not expect any further depreciation..” he said.

Another issue that Nurettin Nebati mentioned in his statements to Japanese journalists is with inflation it was about Minister Nebati stated that there is a serious inflation problem in Turkey, as in other countries, and that inflation in Turkey will rise in April 2022. below 50 percent will see the peak told. “I don’t think we’ll see 50 percent. I hope I’m not wrong.Nebati also explained when inflation will decrease.

“It will start to recover in the summer”

“Inflation to be high on the stove we are waiting. After that, it will keep its level for a while. It will begin to recover in the summer and in December will show a radical decrease due to the base effect.Minister Nabati did not say anything about how to achieve a radical decrease in inflation.

Another issue that Nureddin Nebati touched on is the one that has entered our lives in the past. with currency protected TL deposit accounts it was about Explaining that after this system was announced, direct sales were not made to rein in the dollar, Nebati stated that although it was made, it was in very small amounts. “After the currency protected deposit system was introduced large no intervention, though it was a small amount.‘ said Nebati, putting an end to the allegations on the agenda.