CPI soared by 6.5% in January and 65% per annum.
• As far as combatting inflation goes, Mehmet Simsek’s economic stabilization program is a mess.
• Are there any other areas where Mehmet Simsek made progress?
• Inflation will get worse, as election related spending boosts domestic demand.
• How long will Erdogan tolerate Simsek?
• Will Turkey go back to bad old days of “heterodox” economic policy?
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