Turkish Central bank cuts key interest rate despite inflation
>https://archive.is/jPgNt
Amid Turkey's soaring inflation and its recent economy downgrade by Moody's (post here), the Turkish government insists on making economic interventions that further damage the already crumbling economy
The interest rate was cut from 19% to 14% from August to December
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Turkey's economic troubles might be one of many factors for Erdogan's erratic behavior that has isolated Turkey in 2022 more than it did in 2020 diuring the Evros border crisis.
Erdogan is trying his best to hold off the negative impacts of his government to not lose the upcoming elections while also trying to score points with Turkish nationalists who want to see a strong and neo-ottoman leader
@GreekBordersGeneral
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