“TURKEY’S MACROECONOMIC BALANCES ARE ON THE RIGHT TRACK”

“If Turkey attracts foreign direct investment [FDI], then the economic program will be successful and the annual inflation target of 20% will be achievable.” Speaking after meeting with Union of Chambers and Commodities Exchanges (TOBB) Chairman Rifat Hisarciklioglu, Kahkonen said that the TOBB had played a constructive role in supporting the IMF program and positive developments in Turkey’s economy. For his part, Hisarciklioglu said that the Central Bank was an independent institution and that there should be no political intervention in it. He added that the government should work to bring down high interest rates.