Erdogan says he wants Turkey’s interest rate in single digits this year
Erdogan has long championed low borrowing costs advocating an unorthodox theory that cutting interest rates results in lower inflation opposite of conventional policy
Turkey delivers shock rate cut despite inflation – Lira plunges
Central bank lowers benchmark after holding it since December - Economists expected no change, but Erdogan promised rate cuts
Inflation in Turkey hit a new 20-year high, reaching 61.14% in March
The Turkish currency fell 44% in 2021