Turkish President Recep Tayyip Erdogan said the "the worst part is behind us," as he reiterated the government’s determination to not allow citizens to be crushed by high prices.
Erdogan said they had taken the bubble over the exchange rate with the recently unveiled scheme to safeguard lira deposits against currency volatility.
"We will now rapidly remove the bubble over inflation and save the country from the outlook it does not deserve," the president told provincial leaders of his ruling Justice and Development Party (AK Party).
"Volatility in the foreign exchange rate and price hikes hurt us, but we will leave them behind," Erdogan said, adding that they see exchange rate fluctuations and price hikes as “thorns” on the path.
"We will leave these behind in a short time and ensure that our country becomes one of the top 10 largest economies in the world," Daily Sabah cited him as saying.
