Turkey's Erdogan Pledges More Rate Cuts

President Erdogan's insistence on cutting interest rates has sparked controversy, undermining the Central Bank's efforts to stabilize the lira. Despite opposition from business groups like Tusiad, Erdogan remains firm on his monetary policy, which analysts believe could further weaken the lira unless a policy shift occurs. Domestically, this policy is seen as a strategy to boost Erdogan's reelection chances, though it risks uniting the opposition over economic concerns.

What was the reaction of the business group Tusiad to Erdogan's monetary policy?

• They supported the policy.

• They called for a stop to the policy.

• They remained neutral.

• They suggested increasing interest rates.

What do analysts believe is necessary to stop the Turkish lira's decline?

• Increased government spending

• A policy shift and rate hikes

• Further interest rate cuts

• More foreign investments

What is the main focus of Erdogan's economic policy according to the transcript?

• Balancing the budget

• Increasing exports

• Stimulating job creation for reelection

• Reducing inflation

What risk does Erdogan face with his current economic strategy?

• A rise in unemployment

• A decrease in foreign investments

• The opposition uniting against him

• Losing support from international allies

What is the opposition's stance on the political system in Turkey?

• They have no clear stance.

• They prefer a more authoritarian regime.

• They seek a more parliamentary system.

• They want to maintain the current system.