Is the Erdogan rate of interest price hike theory actually in play?

Since 2012, the President of Turkey, Recep Erdogan, has been calling that the rate of interest results in price rises. He further added that the entrepreneurs would be coerced to reduce their share because of high interest rates. At that time, the policy rates were nearly six percent (5.8%) percent. But, the fair market interest rates were soaring approximately thirteen to fourteen percent (13-14%). Being an economist, he believes that interest rate is the real issue with is directly related to inflation. Erdagon recently repeated the claim stating; “As interest rates fall, inflation will fall. The real problem is interest.