It may be called “bread and butter” in Turkey, but Recep Tayyip Erdogan stubbornly insists on the policy of low interest rates, even though people suffer from inaccuracies.
According to Manolis Kostidis, the Turkish president spoke about himself in a third person: “Tayyip Erdogan is not zigzagging. Tayyip Erdogan has been talking about low interest rates since the beginning, and says interest rates will fall. I have never supported a different policy. “Tayyip Erdogan is in the same place,” he said.
“I will never compromise on that. Because it is also my temperament, within the price range. I can not and will not compromise. This way we will succeed. You will see, I hope, that inflation will fall before the elections. It is very clear with all the facts and everything… That is why the lobbies of interests have been tearing “.
In fact, in his last speech, Erdogan referred to his financial knowledge. “I have studied economics, and I have knowledge and beliefs in a range of values. “Apart from financial education, the interest rate is the cause, not the result, so it must be reduced.”
The new statement of the Turk dropped the Turkish pound up to 4% against the dollar in order to continue its losses at 2.4% with the exchange rate now at 12.4 pounds per dollar.
It is noted that in Turkey brutal inflation has impoverished millions of citizens, especially in the lower classes. People wait for hours in the cold for some cheap bread as they can not even pay for it.
Manolis Kostidis managed to enter one of the factories that, by order of the mayor of Polis Imamoglou, sell the so-called bread of the people at a cost price.
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