Turkey: Erdogan demands further interest rate cuts from central bank

Turkey: Erdogan demands further interest rate cuts from central bank

       Turkey Erdogan demands further interest rate cuts from central bank As interest rates fall, inflation will slow – according to the hope of the Turkish president. He therefore continues to press the central bank under pressure. Share article by: Share article by: Turkish President Recep Tayyip Erdogan expects a further interest rate cut by the central bank. “If interest rates go down, inflation will be weaker, you will see,” he said in a speech in Eskisehir. In five days, the board of the central bank will meet to discuss the next course. Erdogan had recalled the head of the Turkish central bank in July after he had failed to comply with his call for interest rate cuts. After that, the central bank had lowered its key interest rate from 24 to 19, 75 percent in order to stimulate the economy with cheaper money. More: The Turkish currency is one of the most sensitive in the world. However, it is not the president of Turkey who is responsible for the recent lightning-like crash, but the US. Share article by: Share article by: © Handelsblatt GmbH – All rights reserved. Acquire usage rights?          Services offered by our partners       
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