Erdogan Says He’s ‘Absolutely’ Against High Interest Rates

President Recep Tayyip Erdogan

Photographer: Adem Altan/AFP via Getty Images

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Turkish President Recep Tayyip Erdogan said he is “absolutely” against high interest rates.

“I know our friends are getting angry but, with all due respect, if I am the president of this country, I will continue to talk about this because I don’t believe my country can develop with high interest rates,” Erdogan told a conference in Istanbul on Friday.