Economy warning from Prof. Dr. Fatih Özatay: Let's not look for the medicine in the wrong place

Former Turkish central bank deputy governor Fatih Özatay warned that monetary policy alone cannot deliver lasting disinflation and that structural reforms are essential, speaking on the Ekonomi Masası program broadcast on Nasıl Bir Ekonomi TV's YouTube channel. He flagged risks spanning the rise of the Chinese yuan in international trade, a fund crisis, frequently changing inflation targets and interest-rate policy, and stressed the need for cross-checks in supervisory mechanisms. The comments matter because they push back against relying solely on the central bank's rate stance to fix inflation. Watch for whether Ankara pairs its monetary tightening with structural measures and how often inflation targets are revised.