What Motivated Turkey’s President To Decrease Interest Rates
Turkey’s President Erdogan strongly supports lowering interest rates for key reasons. He follows Islamic finance ideas that call high interest unfair. Low rates mean cheaper loans for everyone. This pushes more investment and creates new jobs. Even with inflation above 70%, he focuses on growing the economy. His advisor, Cemil Ertem, backs this unique view on fairness. Turkey’s bold economic plans stand out because of this. Dive deeper, and you’ll see their daring strategy unfold.