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Former Central Bank of the Republic of Turkey (TCMB) chief economist Hakan Kara made an assessment regarding the gap between prices and exchange rates.
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Sharing a post on his social media account, Kara said the following:
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"The price-exchange rate gap continues to widen"
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"When you perform the same calculation starting from the interest rate cut in September 2021, the following picture emerges:
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While the dollar exchange rate has increased 4-fold since September 2021, prices have risen 5.7-fold."
News Source : 12punto
