Finance professor Özgür Demirtaş made a call at night before the Central Bank announced its interest rate decision. Demirtaş stated that no interest rate cuts should be made and that ‘destructions that are very difficult to reverse’ have been created.
The increase in the exchange rate and inflation, which has continued since the beginning of September, continues with the dollar breaking records one after the other these days. In the past hours seeing 10.97 TL dollar, which broke a new record, After President Erdogan’s statement This accelerated the rise.
President Erdogan, in his statement yesterday, gave a clue about the interest rate decision to be made by the Central Bank today. Erdogan said:Interest is the cause, inflation is the effect.He announced again that he was against high interest rates. The Central Bank, as a surprise to the whole world, announced that the interest rate was reduced by 200 basis points with its decision announced on October 21, and it was reduced to 16%. With this statement, the dollar, which was already circulating over 9.20 TL that day, jumped out of nowhere and this jump could not be prevented.
Call from Finance Professor Özgür Demirtaş: Please do not cut interest rates:
While the decision of the Central Bank to be made after the President’s statements yesterday can be predicted, From Finance Professor Özgür Demirtaş A call came to the Central Bank. Demirtaş made the following statements in the statement he shared at night:
“People don’t get sleepy. Please do not deduct interest. You are creating havoc that is very, very difficult to reverse. You pave the way for mega inflation. You make the rich richer and the poor poorer, whose goods are valued by the interest rate cut. Come back this way. DON’T.”
This Tweet shared by Demirtaş was liked by approximately 80 thousand people on Twitter and retweeted by tens of thousands of people. If the expected interest rate decision is already Turkey’s number one agenda on Twitter it happened.
Let’s see, what will be today’s record of the dollar returning from the door at 11 in the morning?
We explained to you why the dollar and inflation increase when interest rates decrease, with Economist Enes Özkan:
RELATED NEWS