The IMF team advised the Turkish government to increase interest rates early in order to strengthen the independence of the central bank.
Bloomberg news agency reported that such movements would “help reduce inflation rates more sustainable and allow the opportunity to re -form a cash reserve over time.
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According to her, if these policies are put into place along with a decrease in inflation, then a gradual elimination of all organisational and precautionary measures, including deposits insured by foreign currencies, must take place until the government’s involvement in the financial markets and the distribution of credit is reduced.
It is interesting that Turkey’s inflation rate this year was higher than 85%.
Source: Agencies.
The International Monetary Fund advises Turkey to raise interest rates “early.”
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