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US News: Erdogan sends Lira with Pänydoyer for interest rate cuts on record low

ECHR: Ankara Sentenced for the arbitrary detention of 427 magistrates after the 2016 Putsch of 2016

 ECHR: Ankara Sentenced for the arbitrary detention of 427 magistrates after the 2016 Putsch of 2016 © Ozan Kose AFP / file After the mature Putsch of July 2016, the Turkish authorities had launched major purges against the presumed supporters of Fethullah Gülen , Black Beast of Turkish President Recep Tayyip Erdogan (our photo). The European Court of Human Rights (ECHR) sentenced Turkey for "arbitrary" Turkey of 427 Turkish detention after the mismatch of July 2016.

Ankara (Reuters) - Turkish President Tayyip Erdogan has sent the already massively weakened national currency for interest rates for interest rate cuts on a record low.

ARCHIV: Der türkische Präsident Tayyip Erdogan in NEW YORK 29. November 2021 © Reuters Archives: The Turkish President Tayyip Erdogan in New York 29 November 2021

The high inflation is likely to go back if the key interest rates were lowered, Erdogan said on Tuesday the state station TRT. Turkey should reduce the key interest and drive investment, employment, production and growth. He repeated his unorthodox view that high interest rates caused the price range. The key interest rates are likely to fall significantly before the elections 2023 and also reduce the price acceleration. From this economic model he would not want to dissociate himself.

Changes-The Turkish Book Fall After the words of Erdogan

 Changes-The Turkish Book Fall After the words of Erdogan Turkey-book / (Photo): Changes-The Turkish Book Fall After the words of Erdogan * The book lost 40% of its value since the beginning of The year * Erdogan estimates that a tour of screws will have no effect on inflation * The central bank lowered its key rate of 400 points since September * a former leader of the central bank speaks of '"Irrational Experience" by Daren Butler and Nevzat Devranoglu Istanbul, November 23 (Reuters) - The Turkish Book Falls Tuesday by 15% in response to the new sta

The Lira then went on descent. In the markets were paid for a dollar 14 lira. Since the beginning of this year, the Turkish currency has devalued by 45 percent.

Erdogan is an explained opponent of interest rate hikes and makes pressure on the central bank to reduce key interest rates - although inflation last rose to nearly 20 percent. Company warns of economic difficulties through the Lira crash, which significantly increases imports and thus further heats inflation. Erdogan argues against it and sees the high interest rates - currently the key interest rate in Turkey is 15 percent - as the reason for rising inflation.

Erdogan, Turkey dares strong economic growth this year. At least ten percent should raise gross domestic product, he added. The core indicators for the Turkish economy are very strong and the country is currently waiting for long-term investments from abroad.

Inflation in Turkey much worse than expected, the collapse of the book in question! .
© Pixabay Inflation in Turkey much worse than expected, the collapse of the book in question! At the highest for three years, inflation is four times higher than government forecasts. Inflation continues to jump in Turkey. The increase in consumer prices reached 21.31% year-on-year in November in Turkey (+ 1.5 points compared to October), after the Turkish pound tumble, according to official figures published on Friday.

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