Why Turkcell Stock Crashed Today

Why Turkcell Stock Crashed Today
·2 min read

Over in Turkey, you see, President Recep Tayyip Erdogan has declared an "economic war of independence." As part of his "war," the president is insisting that the local central bank continue cutting interest rates despite the fact that it's contributing to runaway inflation rates that devalue the Turkish lira. Well, the annual inflation rate in Turkey this year is near 20%, according to CNBC.

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