Erdogan's Dangerous Obsession With Low Rates

Erdogan's Dangerous Obsession With Low Rates Bobby Ghosh (Bloomberg Opinion) -- The collapse of the Turkish lira this year has been a chronicle of a disaster foretold. Once a star performer among emerging-market currencies, the currency has plunged, thanks mainly to President Recep Tayyip Erdogan’s fixation on slashing interest rates. More:Erdogan's Dangerous Obsession With Low Rates