Turkey Takes Drastic Measures to Curb Inflation
By
Yıldırım Eroğlu
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Turkey has recently announced a significant increase in interest rates to an astonishing 50%, unveiling an unprecedented move to combat the surge in inflation. The decision to take such a drastic measure comes with the intention to reign in the rapidly escalating prices and stabilize the economy. This bold course of action reflects the government's resolute stance on addressing the pressing issue of runaway inflation.