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![ANKARA, TURKEY- FEBRUAY 28: In this handout from the Turkish Presidential Press Office - President of Turkey, Recep Tayyip Erdogan made a statement after the cabinet meeting with the agenda of Russia and Ukraine on February 28, 2022 in Ankara, Turkey. (Photo by Presidential Press Office via dia images via Getty Images)](https://media.npr.org/assets/img/2022/04/06/gettyimages-1373573454-d7039b8c71a63ac454fef820642cbaaf9bc5bd3e-s1100-c50.jpg)
Handout/dia photos by way of Getty Photos
![ANKARA, TURKEY- FEBRUAY 28: In this handout from the Turkish Presidential Press Office - President of Turkey, Recep Tayyip Erdogan made a statement after the cabinet meeting with the agenda of Russia and Ukraine on February 28, 2022 in Ankara, Turkey. (Photo by Presidential Press Office via dia images via Getty Images)](https://media.npr.org/assets/img/2022/04/06/gettyimages-1373573454-d7039b8c71a63ac454fef820642cbaaf9bc5bd3e-s1200.jpg)
Handout/dia photos by way of Getty Photos
Mainstream economists say elevating rates of interest lowers inflation. That is why the Federal Reserve and different central banks are climbing charges proper now. However not Turkey. Even with Turkey’s inflation over 60 p.c, Turkish president Recep Tayyip Erdoğan has rejected this broadly accepted method and is doing the alternative. In the present day, what occurs when Turkey throws out the inflation playbook?
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