Economy & Business, International, Politics

Bidenflation Goes Global

Per data that was released on July 4, 2022, Turkey’s annual inflation rate stands around 78.6%. According to The Crade’s News Desk, consumer prices increased by 5%.

Turkey’s inflation woes are largely the product of the expansionary monetary policy its central bank has pursued. Turkey’s central bank has been slashing interest rates as part of a new strategy of promoting economic growth. Read more…

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