ISTANBUL, May 5 (Reuters) - Turkish Finance Minister
Nureddin Nebati said on Friday that no one should expect the
central bank to raise interest rates to above or near the
current headline inflation, which stood at 43.7% in April, after
the May 14 election.
Speaking to broadcaster NTV, Nebati said that President
Tayyip Erdogan will not reverse his unorthodox policies based on
the view that high interest rates lead to high inflation.
Some economists expect Turkey to adopt orthodox policies no
matter the outcome of the presidential and parliamentary
elections on May 14. Erdogan said recently that interest rates
will continue to fall as long as he is in power.
(Reporting by Ali Kucukgocmen
Editing by Mark Heinrich)
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