IPSE'S AUTHORS LAST 24h
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  • Itamar Yaar
    Itamar Yaar “The American move to pause big bomb transfers is largely symbolic. But it's a sign of trouble and could become more of a problem if it is sustained. It's not some kind of American embargo on American munitions support, but I think it's some kind of diplomatic message to Mr Netanyahu that he needs to take into consideration American interests more than he has over the last few months. It's kind of a signal, a 'be careful'.” 10 hours ago
  • Vitalii Barabash
    Vitalii Barabash “Around 700 people stayed in Avdiivka. The situation is not easy; regular checks are ongoing. The excitement of the majority of those who remained and waited for the Russians has long faded. Even those who didn't care admit now that it was far better under Ukraine's control. Because there is no evidence of democracy or that it was 'liberators' that came to them.” 12 hours ago
  • Alan Boswell
    Alan Boswell “The Sudanese have basically been forgotten, obviously there's the war in Gaza which has taken a lot of attention. Frankly it would take very high-level political focus on trying to pressure those who are arming the various sides and have the actual belligerence themselves to stop this. Obviously, the United Nations tools are not very functional.” 14 hours ago
  • Benjamin Netanyahu
    Benjamin Netanyahu “No amount of pressure … will stop Israel from defending itself and achieving its war objectives. Eighty years ago in the Holocaust, the Jewish people were totally defenceless against those who sought our destruction. No nation came to our aid. I pledge here today from Jerusalem on this Holocaust Remembrance Day: If Israel is forced to stand alone, Israel will stand alone. But we know we are not alone because countless decent people around the world support our just cause.” 16 hours ago
  • Vladimir Putin
    Vladimir Putin “We know what the exorbitance of such ambitions leads to. Russia will do everything to prevent a global clash. But at the same time, we will not allow anyone to threaten us. Our strategic forces are always in a state of combat readiness.” 17 hours ago
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Erdogan aversion towards raising interest rates

Page with all the IPSEs stored in the archive related to the Context Erdogan aversion towards raising interest rates.
The IPSEs are presented in chronological order based on when the IPSEs have been pronounced.

“We are presenting a new financial alternative to citizens who want to alleviate their concerns stemming from the rise in exchange rates when they evaluate their savings. With the interest rate cuts, we will all see how inflation will start falling within months. This country will no longer be a heaven for those adding to their money with high interest rates, it will not be an import haven.”

author
Turkish President
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“What do they say? They say I am lowering interest rates. They should expect nothing else from me. As a Muslim, whatever Islamic teachings require, that is what I will do. That is what I will continue to do. The religious command is clear.”

author
Turkish President
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“Orthodox theory recommends a tight monetary policy that will mitigate inflation by moderating domestic demand. In Turkey, by contrast, under the guidance of the presidency, the CBTR [Central Bank of Turkey] is pursuing a loose monetary and credit policy to boost economic growth, which Erdoğan needs desperately. He is concerned that higher interest rates will slow down the economy and fuel voter discontent in the run-up to the elections in 2023. He has therefore pushed the CBTR to cut rates in the hope that cheaper credit will stimulate the economy and improve his popular support.”

author
Resident senior fellow in German Marshall Fund's Brussels office
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“God willing, we will stabilise all fluctuations in prices and forex rates in not such a long time. Tayyip Erdogan said low interest rates yesterday, says low interest rates today and will say low interest rates tomorrow. I will never compromise on this because interest rates are a malady that make the rich even richer, and the poor even poorer.”

author
Turkish President
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“The assumptions in this new 'model,' if we can call it that, are wrong. They are assuming lowering interest rates would lead to high exchange rates, and the Turkish lira would devalue, depreciate, and then Turkish goods and services will become cheaper in terms of our trade partners' currency. Erdogan is assuming that the subsequent boost to Turkish exports would eventually lead to the lira recovering its value. But that's a strange relationship. It does not work that way.”

author
Professor of econometrics at Kırıkkale University
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“The high interest rate policy imposed on us is not a new phenomenon. It is a model that destroys domestic production and makes structural inflation permanent by increasing production costs. We are ending this spiral.”

author
Turkish President
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“Either we were going to give up on investments, production, growth and employment by keeping to the understanding that has prevailed in our country for years, or we were going to engage in a historic struggle in line with our priorities. As always, we preferred the struggle. We are determined to do the right thing for our nation. We encourage investment, production and exports. ... We protect employment. ... We care about growth.”

author
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