Economics

Erdogan Presses Again for Turkish Rate Cut, Lira Falls

Recep Tayyip Erdogan
Photographer: Geert Vanden Wijngaert/Bloomberg

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By Firat Kozok and Selcan Hacaoglu

August 4, 2021 at 8:26 PM UTC

Updated on

August 5, 2021 at 12:10 PM UTC

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Turkish President Recep Tayyip Erdogan, his approval ratings hurt by a limping economy, ratcheted up pressure on the central bank to cut interest rates next week.