@Jason 16 November 2022

Turkey reverses operations and continues to cut interest rates. Inflation is happening all over the world. The FED in the United States is working hard to raise interest rates every month, hoping to reduce the domestic inflation rate, and it is slowly seeing results. On the other hand, the president of Turkey fired the disobedient central bank governor and continued to exert pressure to lower domestic interest rates. The consumer price index in Turkey in the second half of the year is almost as high as more than 80% every month. Simply take a bento in Taiwan for 100 TWD, and this year it will cost more than 180 TWD to buy. The life of ordinary people can be said to be very hard. Some people say that Turkey's domestic economy is all dependent on foreign capital. Since the United States continues to raise interest rates to attract money, in order to prevent capital outflows, the Turkish president has lowered interest rates forcefully, causing the TRY/USD to fall by half. If foreign capital wants to flee, his USD will only be Get half of it!? Do you think this operation was Godlike? Is it Turkey or the economist who will smile in the end? Fig. Google Finance