The ‘Enemy Of Interest Rates’ Is Not Holding The Turkish Central Bank Hostage, Why Would You Say That?

Listen, this Turkish lira story is funny. Really, anything to do with Erdogan is funny. Unless you're a Turkish journalist. Or a Turkish academic. Or a member of Turkey's opposition. Or a Kurd. If you fall into any of those categories, there isn't anything "funny" about Erdogan. The lira is in a downward spiral ahead of early elections set for next month and the proximate cause for that downward spiral is Erdogan and his insistence on pushing his own theories about FX, rates and inflation, the

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2 thoughts on “The ‘Enemy Of Interest Rates’ Is Not Holding The Turkish Central Bank Hostage, Why Would You Say That?”

Pingback:If This Asset 'Never Lies', Then Markets Might Be In Trouble | Growth Investing Research

the truth is that rising exchange rates cause inflation the more the economy depend on external inputs for it’s productions lines, and for developing nations that imports mostly of it’s technological devices, cars, computer chips, then exchange rates is a big component in inflation.