Erdogan finds it’s best not to manage lira
Lisa Steyn 01 Jun 2018 00:00
Recep Tayyip Erdogan is a fan of cheap money.
Contrary to orthodox economics, Turkey’s president believes that lowering interest rates in turn lowers inflation. In line with his unconventional conviction, he has put pressure on the Central Bank of the Republic of Turkey to keep rates artificially low, creating imbalances in the economy.
More:Erdogan finds it’s best not to manage lira | Business | M&G
