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Turkish President Tayyip Erdogan said he will never defend interest rate hikes and "will never compromise on this", broadcaster NTV reported on Monday, in his latest defence of recent rate cuts which have triggered a lira slide. ....
Turkish President Tayyip Erdogan said he will never defend interest rate hikes nor compromise on the issue, NTV and other broadcasters reported on Monday, in his latest defence of recent monetary easing that has triggered a crash in the lira currency. ....
Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira fell sharply to record lows against the dollar this week, the Anadolu news agency reported on Saturday. ....
Turkey is determined to continue a policy of interest rate cuts, and "manipulative attacks" on the lira, which has plunged to all-time lows this week, will not leave any lasting damage, Deputy Finance Minister Nureddin Nebati said late on Thursday. ....
Turkey's annual inflation rate is expected to have climbed to its highest level in three years in November, according to a Reuters poll, after the lira plunged to historic lows. ....