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applegrove

(118,633 posts)
Thu Mar 3, 2022, 03:15 PM Mar 2022

Turkish Inflation Hits 54%

Turkish Inflation Hits 54%

March 3, 2022 at 1:35 pm EST By Taegan Goddard 13 Comments

https://politicalwire.com/2022/03/03/turkish-inflation-hits-54/

"SNIP......

“Turkish prices rose at their fastest rate in 20 years in February as the lira tumbled and food and energy prices surged, stirring discontent about the state of the economy,” the Financial Times reports.

“President Recep Tayyip Erdogan, who calls himself an ‘enemy of interest rates,’ triggered a collapse in the currency at the end of last year when he ordered the central bank to aggressively cut borrowing costs despite soaring inflation.”

......SNIP"

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Turkish Inflation Hits 54% (Original Post) applegrove Mar 2022 OP
Autocrats F things up for everyone applegrove Mar 2022 #1
Damn you Joe Biden! maxsolomon Mar 2022 #2
Damn Hillary! n/t Strelnikov_ Mar 2022 #3
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