Turkey’s rates to drop to single digits soon as possible – Albayrak

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Turkish Finance Minister Berat Albayrak said on Tuesday the economy will improve this year and that interest rates, which the central bank raised to 24 percent last year, will be cut to “single digits” as soon as possible.

Interest rates falling to below 20 percent “is not enough,” Albayrak said, adding that Turkey’s high inflation will also drop to single digits as soon as possible.

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