I’m South American, so please don’t assume my question comes with bad intentions or something.
Is Turkey Europe? I have always loved geography and in the Americas, all books list Turkey as an Asian country (Middle East). We know they have a close relationship with Europe (for better or worse), but nobody here would consider Turkey an European country. I was shocked to learn that in Europe some people do consider Turkey an European country.
What’s the consensus?
Didn’t Erdogan promise to keep interest rates low in his election campaign?
I seem to recall him saying that interest rates had nothing to do with inflation, and that “islamic economics” would solve the problem.
Interesting. Are they actually trying to stop the inflation? Why now all of the sudden?
I dont understand how they keep voting Erdogan
So… did they also stop printing money?
So Turkey is the new Sudan?
Erdogan did the good old switcheroo after the elections lol. If the elections were legit then there is no hope for those people.
Hey at least Erdogan got those s-400s instead of the F-35s
Hmmmmmm, a muslim nations with very little natural resources of their own needs to have high interest rates… who would have thought…
Erdogan is having a chronic heart attack right now in light of these measures.
Is this another central banker ready to be fired like all the others? Or maybe now the election is over, Erdogan can admit (to himself) that cutting rates for “Islamic economics” and to fight the pretend “interest rate lobby” during approaching hyperinflation, was made up bullshit, and his economically illiterate populism was harmful.
Genuinely as someone who really doesn’t understand economics, is that good or bad? People who knows about this, does that mean Turkey will plummet faster or will their economy get better?
Why are interest rate hikes expressed in ‘basis points’? Why not just say it in percentage terms ffs
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500 basis points sounds a lot more than 5%.
I’m South American, so please don’t assume my question comes with bad intentions or something.
Is Turkey Europe? I have always loved geography and in the Americas, all books list Turkey as an Asian country (Middle East). We know they have a close relationship with Europe (for better or worse), but nobody here would consider Turkey an European country. I was shocked to learn that in Europe some people do consider Turkey an European country.
What’s the consensus?
Didn’t Erdogan promise to keep interest rates low in his election campaign?
I seem to recall him saying that interest rates had nothing to do with inflation, and that “islamic economics” would solve the problem.
Interesting. Are they actually trying to stop the inflation? Why now all of the sudden?
I dont understand how they keep voting Erdogan
So… did they also stop printing money?
So Turkey is the new Sudan?
Erdogan did the good old switcheroo after the elections lol. If the elections were legit then there is no hope for those people.
Hey at least Erdogan got those s-400s instead of the F-35s
Hmmmmmm, a muslim nations with very little natural resources of their own needs to have high interest rates… who would have thought…
Erdogan is having a chronic heart attack right now in light of these measures.
Is this another central banker ready to be fired like all the others? Or maybe now the election is over, Erdogan can admit (to himself) that cutting rates for “Islamic economics” and to fight the pretend “interest rate lobby” during approaching hyperinflation, was made up bullshit, and his economically illiterate populism was harmful.
Genuinely as someone who really doesn’t understand economics, is that good or bad? People who knows about this, does that mean Turkey will plummet faster or will their economy get better?
Why are interest rate hikes expressed in ‘basis points’? Why not just say it in percentage terms ffs