The Turkish lira is setting all-time lows as Erdogan picks another fight with the central bank
November 21, 2017
It’s a battle that neither side is destined to win. Last week, Turkish president Recep Tayyip Erdogan picked another fight with the country’s central bank, spooking investors already worried about the institution’s independence. Erdogan said on Nov. 17 that the bank’s officials were on the “wrong path” by raising interest rates to battle inflation.
More:The Turkish lira (TRL) is setting all-time lows as Erdogan picks a fight with the central bank — Quartz