Turkey’s annual inflation has hit its highest level in 24 years, worsening the cost-of-living crisis facing the country, even as political opposition parties claim that real numbers are worse than official figures. The 12-month Consumer Price Index (CPI), which measures inflation on an annual basis, hit 85.51 percent in October, according to a press release from…
Turkey’s Annual Inflation Hits Two-Decade High of 85 Percent
November 3, 2022
admin
Business & Marketseconomic policieseconomyEuropehigh inflationinflationlow interest ratesPresident Tayyip Erdoganturkey inflationturkish liraWorld
0 Comment
Why Artificially Low Rates Are Bad for You
Commentary The disastrous era of negative rates may be ending, but it isn’t over. Imposing negative nominal and real rates is a colossal error that has only encouraged excessive indebtedness and the zombification of the economy. However, nominal rates may be rising but real rates remain deeply negative. In other words, rates are still exceptionally…
Mortgage Debt Could Weigh Down Economy When Interest Rates Rise
News Analysis Canada’s major banks, institutional investors, and homebuyers took on more risk than normal during a prolonged period of low interest rates, a distortion that may have a cruel correction as interest rates rise to curb inflation and some households struggle to handle higher servicing costs on their mortgages. Respondents to the Bank of…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`