Turkiye Central Bank Cuts Interest Rates to 42.5%! Is Inflation Really Under Control?

thecekodok


Turkiye's central bank has once again cut interest rates by 2.5% to 42.5%, hoping that the country's inflation will decline and paint an optimistic picture.


Official data claims that inflation has fallen to 39.1%, the lowest in two years.


However, many claim that it is just a publicity stunt to hide the real reality.


Economists claim that the real inflation rate is much higher, adding to the public's skepticism about the government's figures.


Meanwhile, critics blame Erdogan's previous low-interest rate policies, which are alleged to have exacerbated the economic crisis.


Now that interest rates are falling again, the big question is - Has Turkiye really won against inflation, or just created a new crisis?

Tags