News for hackers. Stuff that matters.

A comment on Turkey’s inflation hits 83% as Erdogan vows to keep cutting interest rates. Parent comment

Re:Turkey’s inflation hits 83% as Erdogan vows to keep cutti... by BuyMyBitcoins on Monday October 03, 2022 @09:07AM (#33066951)
When a country’s inflation rate hits 83% I feel like the conventional wisdom of raising interest rates to match or exceed the inflation rate won’t work. They’ve already lost control of the situation.
[ Parent | on HN ]

There are no comments on this comment yet.