Statement on dollar, interest and inflation from the President of TÜSİAD

“Dollarization continues to increase”, Kaslowski said, “While the Central Bank is reducing interest rates, while turning to short-term temporary solutions, are we not missing the big picture? He brought up the questions, “Why are market rates or loan rates not decreasing, but increasing, even though we have made such a reduction in interest rates?”2022 Pointing out that the world is still facing a significant inflation risk while the supply-side problems continue in Turkey, TÜSİAD President said, “Economies are warming up. And the responses of global monetary policy to existing risks are limited. Therefore, while it is difficult to predict the process in all these policy designs, the risk of making mistakes may increase. We are going through a period when neither our country nor the global economy should underestimate the risk of inflation”. “What we need to focus on as a country is to stay loyal to the free market operation, and to shift to a production environment with high added value, technology-based, green transformation with increased productivity”, Kaslowski said that this is already the case. He emphasized that it will bring an increase in exports with it. “The point we focus on does not adequately correspond to today’s global economic realities,” said Kaslowski, and continued as follows: He said: “If the methods we apply do not reach our wishes, we have to come up with new methods every time or make concessions from the liberal market functioning. we stay This also undermines efficiency while distorting competitive market functioning. Let’s not forget that these methods seem to offer a temporary solution in the short term, but they also harm predictability. At the end of the day, it also keeps our country away from the welfare increase we want to achieve in the economy.”