Economics

Turkey Will Continue Cutting Interest Rates, Erdogan Says

Recep Tayyip Erdogan
Photographer: Akos Stiller/Bloomberg

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By Firat Kozok and Beril Akman

June 6, 2022 at 3:04 PM UTC

Updated on

June 6, 2022 at 3:29 PM UTC

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Turkish President Recep Tayyip Erdogan delivered his most explicit message on interest rates, announcing his government will continue rate cuts even as inflation soars.