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Global economic challenges and inflation pressures in Türkiye
Global economies are currently facing a difficult period characterized by high inflation, high interest rates, wars, energy price volatility, and rising state debts. Central banks are raising interest rates to control inflation, but this creates a cycle where high costs slow down investment, consumption, and production.
In Türkiye, the situation is particularly sensitive as high inflation directly impacts daily life through rising costs for food, rent, fuel, and energy. While the Central Bank of the Republic of Türkiye's high interest rate policy is a key tool for controlling inflation, it is noted that interest rates alone cannot solve economic issues. Long-term stability requires increased production, investment, exports, and technological development to reduce import dependency and debt.