Turkish Lira Slides as Erdogan Calls for Lower Interest Rates
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The lira tumbled after President Recep Tayyip Erdogan said Turkey should cut interest rates just hours before the central bank is due to review policy.
Speculation has been growing that the monetary authority will deliver a sizable interest-rate increase Thursday after it signaled potential action last week to help stem accelerating inflation. The currency slid more than 3 percent against the dollar, set for the steepest decline in two weeks.