This infographic shows how Turkey’s inflation crisis comes down to policy credibility and timing. The first chart highlights a clear breakdown in monetary policy, where interest rates were lowered even as inflation was rising, followed by a delayed shift to aggressive tightening. That lag helps explain why inflation peaked at 72.3% and has remained elevated despite higher rates. The second chart reinforces this by showing the sharp depreciation of the lira—from 4.8 to over 36 per U.S. dollar—which reflects declining investor confidence and drives up import costs. The key metrics, including the 86.8% loss in currency value and the 47.5% policy rate, help ground the visuals and make the scale of the problem clear. Together, the charts show a sequence of policy misalignment, lost credibility, market reaction, and persistent inflation. The main takeaway is that getting policy right isn’t enough if markets don’t believe it will last.