Turkey in danger of 'inflationary doom loop' as Erdogan defies laws of economics - Capital Economics

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Turkey in danger of ‘inflationary doom loop’ as Erdogan defies laws of economics

24 November, 2021Sky News

Simon MacAdam, senior global economist at the consultancy Capital Economics, said: “Given this backdrop and Erdogan’s record at sacking disobedient central bank governors, hopes that the CBRT will allay investors’ fears and put a floor under the lira by not cutting rates further (or even raising them) are evaporating.

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