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.
烤鸭必读:首考雅思8.0分各项经验分享
“烤鸭”必读:雅思高分作文和词组的关系
三个公式实现雅思写作句型的高级化
烤鸭必读:近零基础三个月雅思7分速成记
新“烤鸭”必读:如何突破雅思阅读四大障碍
烤鸭学生福利:雅思口语万能联想大法
“烤鸭”必读:雅思写作错误备考方法一览
搞定雅思口语PartI:爆炸式全解析
雅思阅读:如何快速找到段落中心句
“烤鸭”必读:雅思阅读判断题法则
“烤鸭”必读:雅思口语8分考生的独门秘籍
“烤鸭”必读:如何扫除雅思听力死角
“烤鸭”必读:“四化”原则搞定雅思写作
深度全解雅思大作文写作:文化类
考生福利:雅思听力考试中的预测技巧
“烤鸭”必读:雅思写作必背20句
“烤鸭”必读:雅思阅读9分备考心得分享
雅思阅读基本复习思路:把握两点拿高分
雅思经验:六级318雅思破7阅读8.5
过来人经验:雅思口语评分的五个要点
“烤鸭”必读:寻找雅思写作低分之“谜”
技巧分享:三大建议让雅思写作“简洁漂亮”
浅谈如何让雅思写作更出彩之定语从句
福利贴:29首英文歌帮你提高雅思口语成绩
雅思8传授:听力心得与必备秘密武器
“烤鸭”必读:雅思写作中你不应用的表达
雅思阅读8分牛人的备考经验分享
雅思写作如何突破:抓住多样性和准确性
13天之内从托福听力19到雅思听力8的经验
“烤鸭”必读:雅思小作文柱状图Bar类解析
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |