The problem is that Erdogan doesn't let the central bank do its job. Back in 2018 Erdogan bascially took direct control over monetary policy which caused a loss in confidence.
It's extremely surprising because the Turkish economy was doing well until 2018. The only thing it was lacking was a properly set interest rate, which requires high central bank independence, the primary factor in low inflation.
It's extremely surprising because the Turkish economy was doing well until 2018. The only thing it was lacking was a properly set interest rate, which requires high central bank independence, the primary factor in low inflation.