Turkey's monetary policy currently places an emphasis on the pursuit of growth and export competition rather than taming inflation.
Defying traditional monetary policies, Erdogan endorses the unconventional view that raising interest rates increases inflation, setting the central bank on a rate-cutting cycle amid surging inflation.
The Turkish lira has been on a significant depreciation lower in recent years, in part due to Erdogan's policies and his influence over the country's central bank. This fall has increased since the second round of the presidential elections,
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