Turkey Fighting Against Unholy Trinity in Economy, Erdogan Says

Turkey is waging war against a “devil’s triangle” of interest rates, inflation and exchange rates, President Recep Tayyip Erdogan said on Saturday, a day after the lira hit a fresh low.

“Our response to those who work to besiege our country in the economic sphere is a new war of economic liberation,” Erdogan said, addressing supporters in the eastern city of Van. He said the government has carried out a “grand structural change” as important as the abolishment of concessions granted to Western powers by the Ottoman Empire, which were voided by the creation of the Turkish Republic.