Economy Minister Nihat Zeybekci April inflation data released today were evaluated.
ZEYBEKCİ , \"Turkey's economy in December and in the aftermath of a major passed the test . These exams successfully gone through. Inflation did not cause the results ,\"he said .
Economy Minister Nihat Zeybekci released today April inflation data were evaluated. ZEYBEKCİ his written statement stated the following offer:\"This morning released data , inflation on a monthly basis 1.34 percent on an annual basis so 9:38 showed that . Beginning of the year until today, four months, almost 5 percent increase in the CPI reached situation. Ben these figures not a cause, as a result, I see . in December, both domestically need abroad occurring economic and political developments a result ... especially exchange rates and interest rates rise in a result . this results in December, fire starters and partially extinguishing the fire smoke as possible to see .
March 30 elections before being brought under control this fire is now extinguished eve. market from the inside of the market scrutinizes it as one clearly can see . May and from June inflation better results begin to see I think we will . Moreover , the Central Bank have also in recent weeks from May down from the peak in inflation would begin the return had expressed.
Turkey's economy and in the period after December passed a big test .'ve Been through this exam successfully . Of course ; There will also be a side effect of this struggle . Inflation is one of those side effects . But at this point I especially would like to express the following . Today we're talking about high inflation that started in December as a result of a process of exchange and interest rates . So we're currently talking on the results . However , future-oriented variables , such as interest rate and currency levels , from inflation to our economy more efficient , more important. In other words, inflation ; today for Turkey's current account deficit is more important than growth and unemployment .
if we keep high levels of interest ; this , pull up our production costs will weaken our competitive advantage . On the other hand the same high interest rates would lead to an appreciation of the TL for the second of our competitiveness will be hampered. Turkey's economy, should stay away from these two problems . For this, the current level is higher than the value of TL should reach . Central Bank of improvement in the coming period considering supporting them think that they will make decisions .
Dynamism and competitiveness of our economy do not call never formed . Our goal is not to be lower than TL . £ what you're overvalued , nor would he lose value . However, in this case, industrialists , our businessmen , our competitive advantage in innovation , R \u0026 D , designs and brands to look for could weigh .
That's why interest rates and the value of TL exports , the growth of our business , the current account deficit is much more important. We have left behind the first 4 months of the year . I can say the following with clarity . Our exports of goods and services should have a pretty good future of our growth rate in Q1 . This performance throughout the year , move on , we'll get the results on the estimates of international organizations . \"