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Erdogan Defends Pursuit of Lower Interest Rates as Lira Sinks

  • Turkish leader commented on rate policy in Ankara speech
  • President says Turkey will prioritize growth, job creation
Recep Tayyip Erdogan

Recep Tayyip Erdogan

Photographer: Akos Stiller/Bloomberg
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Turkey’s President Recep Tayyip Erdogan defended his pursuit of lower interest rates to boost economic growth and job creation, pushing the lira to a new record low against the dollar.

Turkey’s Central Bank Delivers Erdogan Another Cut as Lira Burns