Babacan Issues Economic Warning: They Are Raising Interest Rates While Secretly Printing Money.
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
DEVA Party leader Ali Babacan stated that the government has failed to bring inflation below 30 percent in the last 10 years and that single-digit inflation is a pipe dream.
DEVA Party leader Ali Babacan, while criticizing the Currency Protected Deposit (CPD) scheme, stated that the government has failed to bring inflation below 30 percent in the last 10 years and that single-digit inflation is a pipe dream.
DEVA Party Chairman Ali Babacan answered questions from the press at the "International Landscape, Ornamental Plants, Garden Arts and Equipment Fair" in Sapanca. Speaking about what needs to be done to reduce inflation, Babacan said: "Since the 2023 elections, all they have done is raise interest rates. Along with raising interest rates, measures to prevent waste were absolutely necessary, but these were not taken. In other words, waste must b…
DEVA Party leader Babacan criticized the government's inflation policy, reacting negatively to the fact that the single-digit inflation target in the Medium-Term Program was postponed until 2029. Babacan stated, "None of the targets they have set so far have been met," arguing that high interest rates alone would not be a solution. He also targeted the Currency-Protected Deposit scheme, saying, "These absurd practices have caused great harm to t…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
