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Middle East Eye — Turkey’s Central Bank stuns markets with strong rate cut amid soaring inflation

Summary:
Erdogan gets it. Rate hikes are inflationary since raising rates raises prices, according to MMT.Middle East EyeTurkey's Central Bank stuns markets with strong rate cut amid soaring inflation

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 Erdogan gets it. Rate hikes are inflationary since raising rates raises prices, according to MMT.

Middle East Eye
Turkey's Central Bank stuns markets with strong rate cut amid soaring inflation
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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