Brazil and Turkey: What Turkey’s Low-Interest Gamble Teaches Lula
Between 2021 and 2023, Turkey cut rates while inflation soared, and paid dearly. With a proposal to lower the Selic debated in Brazil, what does the Turkish precedent really teach?
Between 2021 and 2023, Turkey cut rates while inflation soared, and paid dearly. With a proposal to lower the Selic debated in Brazil, what does the Turkish precedent really teach?
