News

Turkey's Erdogan: Volatility in markets will stop eventually, asks Turks to be patient

Turkish President Recep Erdogan said on Wednesday that volatility in markets will stop eventually. Moreover, Erdogan said that the price hikes stemming from rising energy costs would soon stabilise and asked Turks to be patient and trust the government over the new economic model. The current price hikes in Turkey, he added, are being caused by greed and higher import prices. 

Market Reaction

The lira has not reacted to the latest batch of comments from Turkish President Erdogan, where he reiterated his support for his unorthodox monetary policy where he pressures the CBRT into rate cuts. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.