>Spiralling inflation is tied to the government’s efforts to radically overhaul the Turkish economy, keeping interest rates low in the belief that this will stimulate it and increase production – against the advice of most experts. There have also been frequent changes in key personnel at the central bank – Turkey has now had four central bank chiefs in three years.
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Germany, Venezuela, Italy: “First time?”
>Spiralling inflation is tied to the government’s efforts to radically overhaul the Turkish economy, keeping interest rates low in the belief that this will stimulate it and increase production – against the advice of most experts. There have also been frequent changes in key personnel at the central bank – Turkey has now had four central bank chiefs in three years.