Turkey Will Not Reduce Inflation with This Foolish Policy: Paylan's Strong Response to the Government
Turkish opposition Kurdish pro-democracy party, the Peoples' Democratic Party (HDP), representative from Diyarbakır, Garo Paylan, addressed Turkey's policies aimed at reducing inflation on Twitter. This is reported by Ermenihaber.am.
Paylan specifically stated, "While Turkey's statistical agency (TÜİK) forecasts a 50% inflation rate, and Halk Bank predicts 100% general inflation, the Central Bank governor announces that the general inflation rate will be 23% by the end of the year. How do you plan to reduce inflation? With dollar-backed interest rates? And what if the dollar appreciates? With this foolish policy, Turkey will not reduce inflation but rather increase it."
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