Annual inflation in Turkey in December amounted to almost 65 percent, reaching a new maximum in 2023.
President Recep Tayyip Erdogan's new market-oriented economic team expects inflation to start falling from near-record levels within four months.
In October 2022, Turkish inflation was at a multi-decade high of 85 percent, after which it fell, before starting to rise again.
Turkey's official annual inflation rate rose to 64,77 percent in December, from 61,98 percent in November.
However, the month-on-month growth of 2,93 percent was the lowest in the last six months.
Analysts blame Erdogan - who has called high interest rates "the mother and father of all evil" - for starting a spiral of inflation by forcing the nominally independent central bank to start reducing borrowing costs.
He changed course after winning the hard-fought elections last May and named economist Mehmet Šimšek as finance minister and former Wall Street executive Hafiza Gaja Erkan as head of the central bank.
The central bank has since raised the benchmark interest rate from 8,5 percent to 42,5 percent, despite Erdogan's aversion to high borrowing costs.
Erdogan endorsed the new program of the economic team, marking a major turnaround in economic policy after more than two decades in power.
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