Türkiye: Continuing to accept exchange rate depreciation would perpetuate hyperinflation situation – Natixis Turkey Inflation USDTRY Banks
The solution that has been used successfully is to: Move to a fixed exchange rate regime against the Dollar, in a credible and irreversible manner, thereby lowering inflation expectations; Bear the cost of disinflation, i.e. accept the loss of production that results from the slow disinflation relative to the fixed exchange rate.Feed news
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