Erdoğan's Bold Plan: Tackling Inflation with Tight Monetary Policy

Turkish President Recep Tayyip Erdoğan has abandoned his previous stance of relying on cheap money to counter the country's soaring inflation, signaling a shift in monetary policy. The move comes as Turkey's inflation rate reached a 15-year high of 19.25% in November. Erdoğan's decision to abandon cheap money indicates a recognition of the need for tighter monetary policy to combat inflation, which could include raising interest rates. This shift in approach reflects growing concerns about the impact of inflation on the Turkish economy.