After the interest rate cuts were made like the galloping child of the upper neighbor, an enlightenment came to the country’s administration with the end of the general election. In a way, it was forced. Just like my credit card, the country’s credit limit has expired… It was said that this much experimentation was enough and the process of interest increase was started.
The ability of the Central Bank to not let people who trust it come from their genes did not help much because there was no one left to trust the Central Bank.
As a matter of fact, the Central Bank announced the interest rates as 17.50 percent with an increase of 250 basis points. There is a must have. And what will happen… Was anyone surprised?
Although the rate hike, which was made in two meetings by a total of 900 basis points, ie 9 percent, seems positive and excessive, it remains very low at the current inflation level.
Okay, the direction is clear, but the unknown of the equation is the arse point… As a matter of fact, the message given by small increases will not increase interest enough, 25 percent will be reached with ant steps and it will be stopped there. It is clear that this level will not be enough…
It is obvious that the level of summer months is around 27 liras… Still, we are very itchy, with the motivation that we have sworn to blow up the foreign currency prices, if they cut the interest rate increase at an insufficient level, Turkey will set new records day by day…
What about the dollar, not the interest?
In fact, nobody cares about interest. It looks at the effect of the announced interest rate decision on the dollar rate. Less interest rate hike expectations were bought at the beginning of the week, making the dollar increase. So, is the dollar really gaining value? No!
In fact, the country’s currency, the Turkish Lira, is depreciating. Against every currency… Just because we increased the interest rate a little, America’s money is not in a state to appreciate in the world…
If they trust the $8.5 billion sukuk and $3 billion export credit from the United Arab Emirates, there are the sons of a government that has melted $128 billion.
Only if the government’s interest burden increases, in a way that prints money and pays. This situation will return to us as inflation, but… What will the citizen do if the income of the citizen does not increase more than inflation at the end of the story?
As a matter of fact, it is very obvious that the hikes in the taxes brought will have the effect of a barbecue blowing against inflation. For the next few years, a life of Indian poverty awaits us. Türkiye enters the country’s diet.
As it can be understood, there is a false fight against inflation in the target. Growth priority is beyond ambition…
How did you know about the Turkish economy?
However, one of the first effects of inflation is to erode the value and purchasing power of the national currency. This means that the Turkish Lira will also go on a diet and weaken… There will be no growth in dollar terms…
Aim; Let loan interest rates decrease, borrowing costs decrease, shopping revived, constructions sold, growth accelerated! So how do you do this without increasing people’s income? The policy rate of the Central Bank is different, the market rate is different, the conditions of lending are different…
If you try to produce new theories and manage the economy, you can spend hundreds of billions of dollars if you want to remove Gaye and put Messi in that chair, but you still cannot succeed.
How did you know about the Turkish economy? He was good, fragile and naive… He had dreams… He started to get stubborn… He was too burdened… He couldn’t stand it… He was taken to intensive care… Some of the damage was permanent…
Doctors do not explain how the treatment process will continue. It is obvious that they either want us to live and see, or they themselves do not know. What do they expect to happen?
For the continuation of the article, THE SUMMER LEVEL OF THE DOLLAR HAS BEEN DETERMINED!