XPost: alt.politics.eu, alt.economics, alt.politics.republicans
https://www.euronews.com/business/2024/03/04/turkish-inflation-rockets-to-almost-70-shattering-hopes-of-a-rate-pause
Inflation in Turkey surged to a 15-month high in February,
surpassing expectations and fuelling fears of further rate
hikes.
The Turkish Statistical Institute announced on Monday that
the country’s annual inflation rate rose to 67.07% in
February, overshooting forecasts.
. . .
How the hell did THIS happen ???
All cash reserves will wither and die.
Likely many kinds of investments too.
Turkey IS a NATO member and critically
positioned in the world. We don't need
it going down the drain. Turkey is also
a fairly LARGE economy. What happens there
WILL be a drag on many others.
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