Sözcü's economic analysis examines who became wealthy during the high interest rate period and what costs ordinary citizens bore.
ℹ️ Browser-based reading · AI studio voice coming soon
In Sözcü's economic assessment, the principal beneficiaries of high interest rates and those who paid the cost are examined.
The analysis examines the impact of central bank policies on income distribution. It emphasizes that those with interest income and financial assets gained during this period, while consumers and the productive sector faced increasing costs.
The report argues that spending and tax policies have also deepened this imbalance.
During the high interest rate period, deposit and bond holders preserved and increased their wealth, while tradespeople, manufacturers and low-income households lost significant purchasing power due to rising credit costs and inflation. Spending and tax policies deepened this divide further.
If you deposited your savings in the bank you gained from interest, but if you took out a loan to start a business or considered buying a house you faced heavy costs. As income distribution deteriorates, markets narrow, businesses' sales fall and employment risks increase.