• 8 months ago

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00:00 Despite the renewal of the monetary policy, the inflation in Turkey is still accelerating.
00:06 In March, the inflation in Turkey rose by a fifth to 68.5% and 67.1% in February.
00:19 This increase came as a result of the increase in the education sector by 104%
00:24 and then the hotels, restaurants and cafes by 95% and the health sector by 80%.
00:34 But on the other hand, the Turkish center is renewing the monetary policy and raising the interest rates.
00:39 In the last meeting, the interest rates rose to 50% from 45%.
00:47 From June 2023 to January 2024, the interest rates rose by 8 times to 3,650.1%.
01:01 But despite this, inflation is accelerating.
01:05 Why? This is due to the increase in interest rates.
01:09 When the interest rates rise, the interest rate rises, so the demand rises, so the prices rise and inflation rises.
01:16 The increase in interest rates was a key focus in the election agenda of the Turkish president in May 2023.
01:24 The interest rates rose by 100% in January 2024 compared to January 2023 to exceed 17,000 Lira.
01:35 It is also noted that the basic inflation in Turkey reached its highest level in March at 75.2%.
01:44 But the Turkish center expects to rise again to 36% by the end of the year.

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