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Turkey's inflation hits 83% as Erdogan vows to keep cutting interest rates

Por: CNBC Business October 03, 2022

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Exchange rates information at a currency exchange bureau in Istanbul, Turkey, in June. Inflation for the country of 84 million people has soared in the last two years, in particular as Turkish President Recep Tayyip Erdogan insists on continuing to cut interest rates rather than raise them — deviating from the conventional way of controlling inflation.Erhan Demirtas Bloomberg Getty ImagesTurkey's inflation climbed to a new 24-year high of... + full article



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