Erdogan to Turkey’s Central Bank: Nice Rate Cut, Do More Please
- President says lower rates needed to get credit to business
- ‘I don’t care,’ if credit companies cut their rating: Erdogan
Erdogan: Turkish Rate Cuts Should Continue Steadily
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Turkey’s central bank did the right thing by cutting interest rates this week and it should continue to do so, President Recep Tayyip Erdogan said.
“I believe it will be beneficial to continue this steadily,’’ Erdogan said in an interview Thursday in New York, hours after policy makers cut their overnight lending rate for a seventh straight month.