the world is linked "How bad is inflation in Turkey?In October, annual consumer price inflation in Turkey was running near 20 percent. Yet the country’s benchmark interest rate currently stands at 15 percent after the central bank slashed borrowing costs by four full percentage points since September. And when you cut rates when inflation is high, more inflation is almost surely bound to follow." Link
The US
"Powell says Fed could speed up bond tapering to counter inflation. An accelerated bond purchase rollback could also move up the timeline for hiking interest rates"
