What anticipated? A cut? Big time? How is inflation doing at your end? !BBH !PIZZA
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What anticipated? A cut? Big time? How is inflation doing at your end? !BBH !PIZZA
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Inflation is terrible here.
They tried hard to lower it months ago, but inflation has only increased. The worst part is that even when interest rates are 50%, inflation is still rising.
I heard that inflation has been lowered there in Germany.
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Sad to hear. Relative speaking inflation is still high in certain area, but overall it's getting closer to target of 2%.
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2% is a really great number. Is there anyone out there who expected more? Like negative inflation.
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Posted via D.BuzzThat's never understood while at university - the target inflation is 2%, no mentioning about de-flation/recession. Only introduction of new currency can take of that, but my experience with € very bad in that regard. You can have a look at the Fisher equation https://en.wikipedia
Hehehe Things like Fisher equation don't work in Turkey. It's very different here...
Can you give me some differences? !PIZZA
I could write you an encyclopedia full of differences.
But I don't think I have that much time.
Normally, what needs to be done right now is to raise interest rates at least until the end of the first quarter of 2025 and not to raise the minimum wage at the beginning of the year. I think they need to free the dollar exchange rate starting from the beginning of the second quarter, but it doesn't look like they will do that.
Interestingly, years ago, when they should have raised interest rates, they lowered them and aimed to reduce inflation in this way. But of course, this is impossible. They could have kept interest rates at 25% at least, but they kept lowering them and they started to raise interest rates starting from the second half of last year, but normally when interest rates increase, inflation decreases, right? They started to raise interest rates and inflation started to increase. The situation that happened in the 1990s and 2000s is happening right now.
It is not difficult to lower inflation, but... These are all my own ideas.