The battered currency fell as low as 8.88 to the dollar, a 4% drop, later recouping some losses to trade at around 8.59 as markets closed in Istanbul. Investors have expressed concerned about what they see as the Turkish central bank’s lack of independence from Erdogan, who has said that interest rates are “the devil.” With inflation having been stuck in the double digits for more than three years now, investors and analysts broadly agree that...