Welcome to the future. more than a month ago Medium Term Program announced. We average our calculations dollar exchange rate in 2021 8.30 It was said that we are doing it as it will be. where we come from 9.60 around… Well, is it over?
Reason? Unconscious interest rate cut… How can you interpret an action that is irrational and not based on any logic, and that even those who decided to cut interest rates could not explain their reasons convincingly?
Because the economy management is the fly duo of the deck of cards… The provisions do not exist on their own… Likewise, the central bank… What is my own analysis effort? No logic!
Interest is related to inflation, savings rate, current account balance, budget, politics, foreign policy, expectations and dozens of other things. “OK” Can anyone show a single topic we can say?
What happened? Turkish lira weakened. The purchasing power has decreased. Dollar, gold, cryptocurrencies, tomatoes, chairs, napkins… All Turkish lira worth against it!
However, the conditions of the Turkish economy Turkish lira It is too fragile to tolerate rapid depreciation… Because if the economy of countries were to be corrected by the decisions of the Central Bank, there would be no country with a bad economy in the world!
What is the purpose of the interest rate cut?
With this decision Turkish lira Wasn’t it known that it would not only lose value but also lose reputation, trust, prestige, and credit? Was it carried out within a strategy?
What was aimed? Your export Is it encouraged? Has the harm caused by the uncontrolled increase in costs ever been calculated?
In loan interest regression and supporting the real sector? In the last two meetings of the Central Bank, while reducing interest by 3 points 10-year benchmark Turkish Treasury bond, that is, market interest 5 point increase showed. As they say, cryptocurrencies are volatile and risky… Altcoins did not perform such a volatile!
Who benefits from the interest rate cut? Of course, bank treasuries… As a matter of fact, the policy rate is an instrument used between banks and the Central Bank… That interest rate was lowered… Banks lined up at the door…
Opened repo auction amount 70 billion liras although 221 billion liras the request came. Do they want to miss the sucker who sells money at 16 percent?
The price of the dollar increase will be heavy!
On the other hand, the country should draw foreign currency… traditionally soon “Money will come from Arabs” The stories will begin to spin. The believer will come too!
However, the country has been deficient in preventing money laundering and financing of terrorism the day before. “grey list” included in the group. Another meaning of this Entry and exit to Turkey every money making dubious meant… Who would want to take that risk?
Our only option La Casa De Papel It’s like getting a steady flow of foreign currency from a solid central bank by getting along with its staff…
Investment, which has troubled foreign exchange reserves, leads to consumption and investment, which is not possible under these conditions.
How far can an economy that relies on an import-based growth model carry the country with credit expansion?
It will sound a little interesting, but Turkey’s going into recession needs. Like putting the patient to sleep for a while… Recession means stagnation. It is not a bad thing…
The economy slows down as it enters recession under control receivable. It takes time. Unfortunately, considering that the election is near, this is Not applicable…
at the beginning of the article “is it over?” I asked. So it’s not over!
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