
The Turkish lira and red hot inflation
Business Daily
00:00
Turkey's Unemployment Rate Is at 11 Point Two %
The unemployment rate in turkey stands at 11 point two %. But the youth unemployment rate is most double that. Wriht, so how do you solve this inflation problem? I think it is fair to portray the situation as what we call as a prisoner's dilemma,. both the central bank government and ministery of finance and also president ardon are trapped into past stands favoring lower interest rates. It will be politically impossible to stop lowering interest rates and raise the interest rates because this will amount to accepting past mistakes.
Transcript
Play full episode