he set down with bloomberg editor in chief john nickel plate in new york -- john mickelthwaite in newresident erdogan: i see the central bank cuts as a study, careful -- steady, careful, balanced cut. because it is not right to make some moves up or down that could contain some violence, that could create a tremor in the economy. but i believe it will be beneficial to continue this steadily, and right now this new administration of the central bank, since they took office, they have been carrying out the cuts, taking into consideration especially the interest-rate policies of the government. is an important signal, especially for investors . my hope is that the other banks will take this signal that the central bank has given, that they also heeded, and accordingly they open the way for investors. john: you are an economist. surely you are a little worried by inflation at 8%. is that truly a time to cut interest rates? when you came in inflation was much higher, 70%, but it percent is still a lot higher than other countries. surely cutting interest rates is a little dangerous. preside