Turkey's Simsek on Inflation, Growth and Monetary Policy

Turkey's Simsek on Inflation, Growth and Monetary Policy

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Business

University

Hard

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The transcript discusses the relationship between inflation and growth, emphasizing the importance of disinflation for sustainable high growth rates. It outlines the role of monetary and fiscal policies in controlling inflation and highlights measures taken to address food prices and support the currency. The central bank's stance on maintaining high rates until inflation is controlled is discussed, along with debates on lending rates. Turkey's strong economic performance over the past 15 years is highlighted, with a focus on maintaining growth while reducing inflation through structural reforms and productivity growth.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What historical events contributed to the decline in Turkey's growth rate in 2016?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the speaker's perspective on achieving a lasting reduction in inflation?

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