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Turkey’s Erdogan says he will keep cutting rates “as long as I am in power”

“As long as this brother of yours is in this position, the interest will continue to fall with each passing day, each passing week, each month,” he told a rally in the western province of Balikesir.

Inflation has surged since November last year, as the lira slumped following cuts to the policy rate by the central bank, in an unorthodox easing cycle long sought by Erdogan.


Source: Economy - investing.com

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