and cut Turkish Central BankLast week, the interest rate increased by 150 basis points to 9%, continuing a series of cuts Benefit consistent with desire Turkish presidentwhich runs counter to the policy of most major central banks of raising interest rates to curb inflation.
This reduction comes in rate Benefit Even as Turkey’s annual inflation rose to 85.5% in October, the highest level in 25 years.
And give President Recep Tayyip’s plan Erdoğan The economy is prioritizing growth, jobs, investment and exports, driven by a series of unorthodox interest rate cuts that sparked a currency crisis and inflationary spiral late last year.
Interestingly, the Turkish economy achieved a growth of 7.6% during the second quarter of this year 2022.
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The data showed that the estimated GDP during the third quarter of 2022 increased by 3.9% compared to the same period last year.
Economists polled by Reuters had expected 4% growth.
And last year it rebounded Turkish economy Strongly since the ‘Covid-19’ pandemic, and grew 11.4%, the highest rate in a decade, and Wednesday’s data showed annual growth in the second quarter of 2022 was revised to 7.7 % from 7.6%.
and cut Turkish Central BankLast week, the interest rate increased by 150 basis points to 9%, continuing a series of cuts Benefit consistent with desire Turkish presidentwhich runs counter to the policy of most major central banks of raising interest rates to curb inflation.
This reduction comes in rate Benefit Even as Turkey’s annual inflation rose to 85.5% in October, the highest level in 25 years.
And give President Recep Tayyip’s plan Erdoğan The economy is prioritizing growth, jobs, investment and exports, driven by a series of unorthodox interest rate cuts that sparked a currency crisis and inflationary spiral late last year.
Interestingly, the Turkish economy achieved a growth of 7.6% during the second quarter of this year 2022.
