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The Economist
10 Oct 2024
Europe | Struggling back
Turkey’s long hard struggle with inflation
High interest rates are starting to do the trick
|ISTANBUL
SETTING interest rates in Turkey is like skiing in pre-lift days. Going down is the easy part. Climbing back up is gruelling, and takes ages. The country’s central bankers have been doing so since the summer of 2023, and they still need more time.
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This article appeared in the Europe section of the print edition under the headline “Struggling back”
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