Turkey

Erdogan says Turkey will continue to cut interest rates, mocks sterling

Erdogan says Turkey will continue to cut interest rates, mocks sterling

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at parliament in Ankara, Turkey, May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE A PROVIDED BY A THIRD PARTY. NO RESALE. NO ARCHIVES. COMPULSORY CREDIT Murat Cetinmuhurdar Reuters Turkey will continue to cut interest rates, its President …

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After Turkey's stock market tumbles, investors brace for another rate cut as inflation soars

After Turkey’s stock market tumbles, investors brace for another rate cut as inflation soars

An electronic board displays information about exchange rates at a currency exchange office in Istanbul, Turkey, Monday, August 29, 2022. Nicole Tung | Bloomberg | Getty Images Investors brace for another potential interest rate cut – or simply a hold at the current rate – as Turkey refuses to follow economic orthodoxy in tackling its …

After Turkey’s stock market tumbles, investors brace for another rate cut as inflation soars Read More »