DARK SECRETS: Erdogan says inflation not insurmountable threat | Rare Historical Photos

Turkish President Tayyip Erdogan said inflation is not an "insurmountable economic threat," adding it will begin to fall at the end of the year after it surged to more than 80% in August.

Under Erdogan's economic program, Türkiye gradually cut interest rates by 500 basis points at the end of last year, sparking a currency crisis. It cut them by another 100 basis points to 13% in August.