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Dealing with Inflation the Turkish Way

Turkey Inflation Rate YoY (ECONOMICS:TRIRYY)  
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ECONOMICS:TRIRYY   Turkey Inflation Rate YoY
Beyond Technical Analysis TRY (Turkish Lira)
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Inflation is running hot in Turkey at 21% YoY & soon to surpass the 2019 high of 25%. And yesterday the central bank, or dare we say President Erdogan, cut the weekly repo rate by 100 bp to 14%. His theory is that lower rates will tame inflation. And the Turkish Lira promptly hit an all-time low against the US dollar.

President Erdogan for chair of the US Fed, anyone?
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