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
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
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