Turkey Is Suffering

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🇹🇷 🇹🇷 Turkey Is Suffering: Recep Tayyip Erdogan, has an intriguing theory that higher interest rates increase inflation, and that the way to bring prices down is to cut rates. He has also amassed enough power over Turkey’s institutions that he was able to force the central bank to put his ideas into effect. A two-year campaign of rate cuts started in 2021

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