Central Bank tells the truth and implements evil

Instructions The Central Bank, which has dragged people into poverty by lowering the interest rate and reigniting inflation, has stated that the way to reduce inflation in the last 5 years is through high interest rates. The CBRT, which has been making publications describing the economy to the public under the name “Economy for All” since June 2018, states that a tight monetary policy must be implemented to combat inflation, and that tight monetary policy means high interest rates. However, the Bank does the opposite, cutting interest rates even as inflation rises. As a result of these policies, annual inflation jumped from 15 percent to 85 percent in 5 years, and the dollar rose from TL 4.70 to TL 19.40.

THIS IS HOW TO FIGHT

According to the method of fighting inflation, which the Center has been talking about for just 5 years, a restrictive monetary policy must be implemented in the face of increased demand or increased costs due to exchange rates and similar reasons. Stating that tight monetary policy means raising interest rates, your Bank said: “As a result of tight monetary policy, consumption and investment spending decreases and savings increase. Therefore, aggregate demand decreases. Inflation expectations decrease, TL gains value and the prices of imported inputs fall.

The interest rate decision will be announced on April 27.

The Monetary Policy Committee of the Central Bank of the Republic of Turkey (CBRT) will meet on Thursday, April 27 under the chairmanship of the Governor of the Central Bank, Şahap Kavcıoğlu. The interest rate decision will be announced the same day. The Bank, which last month lowered interest rates by 50 basis points “to support the recovery after the earthquake,” kept the one-week repo rate constant at 8.50 percent at the March meeting.