Chitchat Turkey-Yay Will Continue To Cut Interest Rates As Long As Bro Erdogan Remains In Power!

[JohnTan]

ANKARA, Oct 8 (Reuters) - Turkish President Tayyip Erdogan vowed on Saturday that the central bank would continue to cut its policy interest rates every month for as long as he stayed in power, after it surprised markets by cutting rates twice in the last two months.

"As long as this brother of yours is in this position, the interest will continue to fall with each passing day, each passing week, each month," he told a rally in the western province of Balikesir.

https://www.reuters.com/markets/asi...eep-cutting-rates-long-i-am-power-2022-10-08/

 

[mojito]

Isn't that what was causing hyperinflation in the first place? Never mind all of Europe now is going to experience it too.

 

[syed putra]

Isn't that what was causing hyperinflation in the first place? Never mind all of Europe now is going to experience it too.

Turkiye erdogan using unorthodox method to beat the markets. So far, turks are not complaining yet as their minimum wages are increased by the month.