and cut Turkish Central BankLast week, the interest rate increased by 150 basis points, to reach 9 percent, continuing a series of cuts Benefit that are consistent with desire Turkish presidentwhich comes in contrast to the policy of most major central banks that raise interest to curb inflation.
This reduction comes in rate Benefit Although Turkey’s annual inflation rose to 85.5 percent in October, the highest level in 25 years.
And give President Recep Tayyip’s plan Erdogan The economy is prioritizing growth, employment, investment and exports, driven by a series of unorthodox interest rate cuts that sparked a currency crisis and inflationary spiral late last year.
It is noteworthy that the Turkish economy achieved, during the second quarter of this year 2022, a growth of 7.6 percent.
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The data showed that the GDP estimate during the third quarter of 2022 increased by 3.9 percent compared to the same period last year.
Economists polled by Archyde.com had expected growth of 4 percent.
And last year, it rebounded Turkish economy Strongly from the “Covid-19” pandemic, and it grew by 11.4 percent, its highest rate in a decade, and Wednesday’s data showed that annual growth in the second quarter of 2022 was revised to 7.7 percent from 7.6 percent.
and cut Turkish Central BankLast week, the interest rate increased by 150 basis points, to reach 9 percent, continuing a series of cuts Benefit that are consistent with desire Turkish presidentwhich comes in contrast to the policy of most major central banks that raise interest to curb inflation.
This reduction comes in rate Benefit Although Turkey’s annual inflation rose to 85.5 percent in October, the highest level in 25 years.
And give President Recep Tayyip’s plan Erdogan The economy is prioritizing growth, employment, investment and exports, driven by a series of unorthodox interest rate cuts that sparked a currency crisis and inflationary spiral late last year.
It is noteworthy that the Turkish economy achieved, during the second quarter of this year 2022, a growth of 7.6 percent.
