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.
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Erdogan's Dangerous Obsession With Low Rates