interest rates are used to curb inflation for more let's bring in correspondent dorian jones in istanbul darrien president out on still doesn't seem to like this move how does still come around to finally approve an interest rate hike i think that is the big question people will be in today and ancora and i think the reality is that the president realized how bad the situation will they think it took economy if the central bank hadn't the thought of simply increased interest rates and the expectation was that the turkish lira would be plummeting again to be another ten or twenty percent given the fact that the current he's already down forty percent the pressure on the turkish economy and the banking system will become acute this is why most people are believing that the president did allow the central fight to hike right now one could argue that this economic crisis has been there all along so what changed now well i think the big question is going forward is what will the central bank be doing for before there is a vacation the need for further increases in interest rates to defend the currenc

interest rates are used to curb inflation for more let's bring in correspondent dorian jones in istanbul darrien president out on still doesn't seem to like this move how does still come around to finally approve an interest rate hike i think that is the big question people will be all in today and ancora and i think the reality is that the president realize how bad the situation will face think it took economy if the central bank hadn't the thigh simply increased interest rates and they expect haitian law to the turkish lira would be plummeting again falling possibly another ten or twenty percent given the fact that the current he's already down forty percent the pressure on the turkish economy and the banking fifth and will become acute this is why most people are believing that the president did allow the central bank to hike right now one could argue that this economic crisis has been there all along so what changed now well i think the big question is going forward is what will the central bank be doing for before there is a haitian the need for further increases in interest rates to defend