ANKARA, May 15 -- Turkish President Recep Tayyip Erdogan vowed to take more effective control on economy, especially monetary policy, if he wins election next month.
Speaking during an official visit to London, the Turkish head of state repeated that he would lower interest rates after the crucial June 24 legislative and presidential elections, which will shift Turkey from decades-long parliamentary tradition to a presidential system.
"They (the people) will hold the president accountable when they fall into difficulties because of monetary policies," said Erdogan in an interview with Bloomberg television.
Analysts are warning that the Turkish economy is overheating despite a spectacular growth rate of 7.4 percent in 2017 but amid a double-digit inflation and unemployment combined with a continuing depreciation of the Turkish lira.
The Turkish currency, which has lost more than 13 percent of its value since the start of the year, plunged on Tuesday to its lowest ever point against the U.S. dollar.
Erdogan admitted during the interview that investors may be "uncomfortable" because of his future great role in policy making, but said that it was a must.
The Turkish strongman has always been in favor of low interests rates, arguing that this was the way to curb inflation.
Last week he said in Ankara that high interest rates are "the mother and father of evil," fueling concern that he would not allow the Central Bank to hike rates.
Turkey has been through difficult times in the past few years: a coup attempt in 2016 and a controversial constitutional referendum in 2017 that concentrated executive powers in the hands of President Erdogan who is ruling Turkey for 16 years.
The war in neighboring Syria has also had a serious impact on Turkish economy. The country's budget deficit has meanwhile suffered the effects of fiscal amnesty and massive payout to old age pensioners ahead of the June elections.
Meanwhile, Turkey's two major public banks have cut mortgage rates this week, heading Erdogan's call for easing housing loans because construction is one of the pillars of the Turkish economic growth since Erdogan came to power in 2003.
Erdogan, who faces five other candidates, currently tops opinion polls for the presidential elections. But he has to reach the 50 percent-plus-one level of support to win the race in the first round of voting and avoid a run-off election two weeks after June 24.
Four opposition parties have formed an alliance to challenge him in the parliamentary vote and if Erdogan's ruling Justice and Development party (AKP) loses its majority in Parliament, it could be a serious hurdle for the head of state.
In 15 years of rule, economy has always been the strongest point of Erdogan who has transformed Turkey with major housing and building projects.
要有信心 2017年有理由乐观
美国肯塔基州空难 7岁女孩奇迹生还
世界健康大调查 哪个国家最健康?
毁童年:德国古童话热衷女汉子/娘炮
明年全世界人民集体涨薪?
试试欺骗你的大脑来对抗拖延症
患癌只因运气不佳?
研究发现:“想象锻炼”亦可健身
还我僵尸粉!美国歌手掉粉百万自杀
10个小妙招 帮你赶走失眠
亚马逊网评2017十大畅销书
薯条里惊现牙齿! 日本麦当劳致歉
国俄克拉荷马州或实施帽衫禁令
外媒看中国 快递员都忙哭了
从二次元到三次元 聊聊弹幕那些事儿
今天你用心形颜文字了吗 2017流行词盘点
如何留住80后 90后员工
另类福利 英国情侣太胖不上班 政府每月补贴2千镑
哭晕在厕所 彩票号码印错50万美金成泡影
外媒看中国 这些有才的电影中译名
世界名著中这些脍炙人口的开头
用心理疗法能治糖尿病和癌症
中国的厕所革命 从马桶开始
成龙为房祖名吸毒感羞愧
松狮染发山寨熊猫 马戏团戏耍观众
外媒看中国 2017谁是全美最红华人明星
若有所思 11位名人留给世界的最后一句话
诺基亚推完美“备胎机” 仅需29美元待机一个月
无人驾驶汽车何时才能上路
村上春树变身“知心大叔” 开专栏答读者问
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |