Turkish Lira’s Historic Crash: Here’s Why Inflation And Erdogan’s Interest Rate Disdain Have Pummeled Turkey’s Currency

Erdogan’s Interest Rate Disdain Have Pummeled Turkey’s Currency TOPLINE The Turkish lira collapsed to a record-low value Tuesday after President Recep Tayyip Erdogan doubled down on his unorthodox plan to fight rising prices with lower interest rates—fueling concerns that the government’s seeming disregard for runaway inflation could intensify Turkey’s years-long currency troubles. More:Turkish Lira’s Historic Crash: Here’s Why Inflation And Erdogan’s Interest Rate Disdain Have Pummeled Turkey’s Currency