Tuesday, October 03, 2017

Turkey's Erdogan blames interest rates as core inflation hits 13-year high - Nasdaq.com

Turkey's Erdogan blames interest rates as core inflation hits 13-year high
October 03, 2017, 03:35:00 AM EDT By Reuters

By Daren Butler and Behiye Selin Taner

ISTANBUL, Oct 3 (Reuters) - Turkey's core inflation spiked to a 13-year high last month, data showed on Tuesday, prompting President Tayyip Erdogan to blame interest rates for fuelling price growth, reiterating an unorthodox stance that has unnerved investors.

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