Tenpin

The Yorkshireman
Finance minister vows to fight inflation decisively

Extract:
Treasury and Finance Minister Lütfi Elvan vowed on June 11 to continue to fight against inflation to ensure prosperity, saying that the government and the Turkish Central Bank would be in close cooperation for this purpose.

“Relative price structure deteriorates in a high-inflation environment, making it difficult to take long-term decisions, enabling domestic investments and causing inefficient use of sources. It’s not possible to talk about stability when industrialists cannot see the future. Thus, we deem the fight against inflation as a war that should be won to ensure the prosperity of the country,” he said during a meeting organized by the Ankara Chamber of Industry (ASO).
 

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