Thursday, April 18, 2024
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Transcript: Turkey’s President on Monetary Policy, Politics

Below is a transcript of the interview, with the president’s remarks translated from Turkish: GJ: There are so many questions about what’s happening with the Turkish lira. Therefore, I will take the responsibility as the indisputable head of the executive with respect to the steps to be taken and decisions on these issues. I want to hear your thoughts about whether or not when you talk about a change in the interest rates framework for Turkey after the elections that this is what you’re talking about. : At the moment of course either that way or this way, you are the head of the executive in the country. The indications are that Turkey will face sanctions from the U.S. as soon as those missiles arrive in Turkey. GJ: Can I talk about Halkbank for just a moment? GJ: Sorry to dwell on the point, but if that is your point and the Turkish state were to be declared a criminal, would the Turkish state be prepared to pay the fine? But, we take these steps in order to protect my country’s interests, we will do whatever my country’s interests require. In other words, we know what the interest rate policies are and are not in all the countries in the world. GJ: Just to stay with politics a moment longer, what do you think the result will be in the region of the re-imposition of sanctions on Iran by the U.S.?