this post was submitted on 24 Nov 2023
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[–] alienanimals@lemmy.world 42 points 2 years ago* (last edited 2 years ago)
[–] stifle867@programming.dev 12 points 2 years ago

I feel like this just absolutely HAS to be sarcasm right?

Really impressive move by the CBRT [Central Bank of the Republic of Turkey] - probing their orthodoxy and getting well ahead of expectations," he said in a note.

"These guys and girls are serious about fighting inflation," he added. "We need to give them credit for that."

[–] Kyle_The_G@lemmy.world 8 points 2 years ago

that'll do it.

[–] randon31415@lemmy.world 8 points 2 years ago

Someone finally convinced them that lowering interest rates didn't fight inflation.

[–] choroalp@programming.dev 5 points 2 years ago (1 children)

Its sad to see how my country is going shittier every fucking day

[–] thelastknowngod@lemm.ee 4 points 2 years ago (1 children)

It's fucking stupid to do it all at once but I think this should have happened ~5 years ago. Raising interest rates are how you fight inflation.. We wouldn't be in a situation where it costs 500 TL for one sucuk if they started doing this well before covid.

[–] madcaesar@lemmy.world 5 points 2 years ago

40% interest?? Is this true lol wtf are credit cards over there then? 80%??