Istanbul Business World’s Inflation Expectation
Current information about inflation expectations and economic developments in the Istanbul business world. Detailed analysis on inflation trends and expectations in the business world.
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Şekib Avdagiç, the President of the Istanbul Chamber of Commerce, stated their expectations regarding inflation in Turkey, mentioning that they anticipate inflation to be completed in the range of 43-44 percent this year. Avdagiç also emphasized the importance of maintaining the relationship between exchange rates and inflation.
Efforts of the Treasury and Ministry of Finance
Avdagiç expressed that the necessary steps to remove Turkey from the FATF Gray List are being meticulously taken and highlighted the significant national and international efforts of the Treasury and Ministry of Finance. Furthermore, he emphasized that the decrease in Turkey’s credit risk premium is a success of the economic management.
Avdagiç: “The decrease in syndicated loans of banks and CDS levels are positive developments for our economy. With the decrease in inflation, we expect interest rates and credit costs to come to reasonable levels.”
President of the Istanbul Chamber of Commerce Avdagiç made statements regarding the business world’s inflation, exchange rates, and economic expectations. According to Avdagiç, the measures taken by the economic management are starting to yield positive results.
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