Turkey's Erdogan Backs High Interest Rates in Surprise Move
(Bloomberg) -- Turkey’s President Recep Tayyip Erdogan said “tight monetary policy” was needed to slow inflation, in an apparent change in stance for a leader who’s long frustrated investors by championing ultra-low borrowing costs.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsFed Set to Double Its Economic Growth Forecast
Source: yahoo.com