Erdogan Renews Assault on Turkish Central Bank’s Monetary Policy

Turkish President Recep Tayyip Erdogan renewed his attacks of the central bank on Wednesday, criticizing policy makers for keeping interest rates high to curb inflation. The lira deepened its losses after his remarks.

Inflation will ease if the central bank cut borrowing costs, not the opposite, Erdogan said in Ankara, reiterating his view that runs contrary to textbook economics.