Obama/Biden's "Quantitative Easing" did same to US-----Turkey's inflation climbs to 68.5% despite continued rate hikes

Much of the inflation in recent months stems from a significant increase to the minimum wage that Turkey’s government mandated for 2024. - Natasha

"The minimum wage for the year rose to...100% hike from the same period a year prior...
Exercising tight control over the central bank, Erdogan for the last few years refused to raise rates, calling them “the mother of all evil” and insisting, against economic orthodoxy, that lowering rates was the way to cool inflation. 

This was despite declining foreign currency reserves and a rapidly weakening Turkish lira, which has lost some 82% of its value against the dollar in the last five years.