In the realm of Turkey's economic landscape, a significant event unfolds as the country experiences its first interest rate rise since 2021. This modest yet symbolic step is seen by fund managers as a tentative move towards restoring the confidence of wary investors. However, a lingering skepticism persists, casting doubts upon President Erdogan's commitment to fully unwind the unorthodox policies that have plagued the nation's economy for far too long. With a measured resolve, the central bank has decided to raise the key interest rate from its previous level of 8.5% to a more substantial 15%. This calculated adjustment serves as a signal of their determination to tackle the pressing issue of high inflation that has gripped the nation, reaching alarming levels of nearly 40%. The central bank's pledge to tighten policy as needed demonstrates a recognition of the severity of the situation and a commitment to restoring stability. Yet, the expectations of a larger rate...
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Editor (Sedat Özcelik)
Turkey's "Child Step" Interest Rate Rise - A Fragile Leap towards Stability
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Author:
Editor (Sedat Özcelik)
AI - The Terrifying Tech that Has Voters Afraid and Confused!
The Rise of AI Anxiety In a recent US Poll conducted by Beacon Research and Shaw & Company Research, voters were asked to share their thoughts on artificial intelligence (AI) without the aid of any options. The results? Let's just say that AI has managed to spook the majority of Americans! A whopping 86% of voters believe that AI will change the way we live in the US. Whether that's a good thing or bad remains to be seen, but let's focus on the entertaining reactions voters had to this technological revolution. When asked about their main reactions to AI, voters responded with a resounding "afraid" and "dangerous." It's almost as if they've all watched too many sci-fi movies where AI takes over the world. Seriously, people, put down the popcorn and step away from the Terminator franchise! But fear not, there are a few optimists in the crowd! A small percentage of voters see AI as innovative and even admit to being impressed or excited by it. ...
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