The Third Expert Witness, Erdenomics

Turkey's currency lost around half of its value against the dollar last year. Anything that was imported from abroad, even products needed to make goods manufactured in turkey, has shot up in price. Economic orthodoxy says rising inflation means interest rates need to go up to bring prices under control. But in turkey, what eraon says goes and he wants interest rates to come down. Hardly any central bank has ever considered this ack of policy. And wea worrid that it is going to back fire. Our third expert witness is salver demiralp professor of economicsat cotch university in estambul. They cut interest rates by about five per centage points since september