The collapse of the Turkish pound is causing chaos in Turkey and economic analysts estimate that Recep Tayyip Erdogan will be forced to put a brake on the policy of reducing interest rates, after the budget cut from 211 billion dollars to 130 billion for 2022.
Although the Turkish president in his statements before his departure for Qatar stated that he is in favor of lowering interest rates, the central banker yesterday in a meeting with investors, told them that the possibility of lowering interest rates is now very small.
Meanwhile, Erdogan seems to be chasing investments, as after the visit of the Prince of the United Arab Emirates to Turkey a few days ago, yesterday he went to Qatar with his wife. However, the opposition accuses him of running to the emirs whenever he needs to. In fact, the leader of the official opposition, Kemal Kilicdaroglu, noted that “you went and hugged those who said that they supported the coup attempt. But what stomach do you have? Our President has now run to Qatar. The Qatari stated that due to the financial situation, they will consider investment opportunities “.
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