Turkey's Lira Plunges After Central Bank Upheaval

The video discusses a significant personnel change in leadership, highlighting President Erdogan's unconventional belief that high interest rates cause inflation. The previous leader had increased interest rates significantly, leading to a leadership change. The new leader aligns more with Erdogan's views, advocating for lower interest rates to support the local economy, despite high inflation rates.

What does Shabu advocate for regarding the Central Bank's interest rate policy?

Why was ABBA keen on keeping interest rates high despite the economic conditions?