Erdogan's new pick for Turkish finance minister has markets hoping for economic orthodoxy

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Turkey's monetary policy currently places an emphasis on the pursuit of growth and export competition rather than taming inflation.

Defying traditional monetary policies, Erdogan endorses the unconventional view that raising interest rates increases inflation, setting the central bank on a rate-cutting cycle amid surging inflation.

The Turkish lira has been on a significant depreciation lower in recent years, in part due to Erdogan's policies and his influence over the country's central bank. This fall has increased since the second round of the presidential elections,

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines