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Friday, April 04, 2014

Lira eases after Turkey's Erdogan says central bank should cut rates | Reuters

Lira eases after Turkey's Erdogan says central bank should cut rates

Fri Apr 4, 2014 1:30pm IST

By Alexandra Hudson and Seda Sezer

ISTANBUL, April 4 (Reuters) - Turkey's lira weakened on Friday after Prime Minister Tayyip Erdogan said the central bank should cut interest rates, a day after the bank's governor had said fighting inflation remained a priority and rates at existing levels would do the job.

More:Lira eases after Turkey's Erdogan says central bank should cut rates | Reuters