Turkish rates under pressure from record low lira

ReutersNewsPublished: January 10, 20173 views
Published: January 10, 2017

For some of Turkish President Tayyip Erdogan's aides, the mere suggestion that the central bank should raise interest rates as the lira slides through new record lows amounts to a plot against the state. But as Laura Frykberg reports, the Turkish leader may be forced to soften his stance.

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