Turkey’s central bank on Thursday hiked its key interest rate to 45%, in line as expected.
Inflation in Turkey increased to 64.8% year-on-year in December, up from 62% in November.
Meanwhile, the country’s currency, the lira, hit a new record low against the U.S. dollar earlier in January, breaking 30 to the greenback for the first time.
Jeeze, Louise - as economically inept as the US government is these days, it’s hard to believe that there’s someone worse. Enter Turkey!