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BVTV: Turkey’s monetary lunacy

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Bullied by President Tayyip Erdogan, the central bank cut the main rate to 15%. Fearing runaway inflation, the lira fell to record lows. Without checks on a chief at war with borrowing costs, 2023 elections may be the best hope of restoring economic sanity, says Dasha Afanasieva.

#Turkey #TayyipErdogan #BreakingViews #DashaAfanasieva #News #Reuters

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World
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