Despite the recommendations and pressure of the then Prime Minister and current President R.T. Erdogan, since 2011, the chairpersons of the Central Bank of Turkey Erdem Bashchi (2011-2016) and Murat Cetinkaya (July 2016-2019) did not agree to low interest rates.Meanwhile, a stepped devaluation in August 2018 led to a 10-point increase in Central Bank rates. Thus, after Argentina, Turkey has become one of the countries that take loans in emergency...

Please login or subscribe to read more

Leave a review

Great East

Follow us on social networks

In Focus