External publications

Will the interest rate be re-baptized in Turkey?

Abedtalas, Musallam
External Publications (2023)

published on syria.tv, 12.06.2023

Volltext/Full text

The Turkish president won a lot of electoral votes by demonizing the interest rate and lowering it in the context of flaming inflation, with the aim of achieving artificial growth and flirting with the emotions of his Islamic electoral base. Now, Muhammad Simsek has been appointed as Minister of Finance and Hafiza Arkan as Governor of the Central Bank, indicating a return to following a traditional economic policy that follows the traditional logic of economics. Interestingly, how will the interest rate be reconsidered in the Turkish government's discurse?