Erdogan Urges Central Bank to Keep Going on Interest Rate Cuts

Turkey’s President Recep Tayyip Erdogan reiterated his call for the central bank to maintain its series of interest-rate cuts, arguing the strategy will eventually bring inflation under control.

Erdogan spoke to Turkish journalists during a visit to Qatar on Tuesday as the central bank, which has slashed borrowing costs by 400 basis points to 15% since September, prepares for the last rate-setting meeting of the year on Dec. 16.