ISO/Bahçıvan: We are in Talks with the Ministry to Rectify the Concordat Practice

Forex - The Chairman of the Istanbul Chamber of Industry (ISO), Erdal Bahçıvan, answered questions from Güzem Yılmaz Ertem on CNBC-e. Highlights from Bahçıvan's statements are as follows:

The magnitude of the damage caused by inflation is greater than anticipated. We have mentioned how crucial it is for inflation not to permeate society. The healing process will demand as much paying a price as the illness itself. Unfortunately, inflation is resistant. The data that came in yesterday indicates that the patience period will continue for another term. The treatment will be an intensive and stressful process. I place great importance on the inflation expectation survey. The gap in the citizens' expectations is quite large in the 65s. Society cannot overcome the negative paradigm established over the past 3-4 years. The greatest struggle will be there, and it will also be tiring.