Turkey's lira plunged to historic lows and inflation hit a 19-year high after the central bank started the rate-cut cycle in line with Mr Erdogan’s demands. AP
Turkey's lira plunged to historic lows and inflation hit a 19-year high after the central bank started the rate-cut cycle in line with Mr Erdogan’s demands. AP
Turkey plans to lower interest rates further as inflation soars
President Erdogan has been a vocal advocate of a theory that lower interest rates lead to lower inflation, the opposite of what most economists believe
