Turkish inflation will fall to around 24% by year-end and hit single digits by May of 2023, the finance minister said on Friday, painting a far rosier picture than that of economists who see it 10 percentage points higher.
Nureddin Nebati said authorities were no longer intervening in markets to support the lira, which has dramatically steadied after a December crisis. Yet he added that any US Federal Reserve rate hikes would not affect the emerging market economy.
