(MENAFN) Turkey's leading business association suggested that increasing production could push for inflation reduction, which if successful, will help diminish currency fluctuations risks.
The statement has been made by head of the Independent Industrialists' and Businessmen's Association (MUSIAD) Abdurrahman Kaan while speaking to Anadolu Agency.
Kaan stressed to the agency that "it is necessary to increase efforts first of all to bring inflation under control."
On the sidelines of the Turkey-Africa Economic Forum in the central Turkish province of Konya, Kaan said "why does currency increase? Of course, it may be affected by the political context, but I want to stress that the fundamental reason is inflation."
The chief added "I think that Turkey needs to increase its production and while raising production, it will lower inflation, and then should gradually reduce the risk of rate."
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