Lira Plunges To New Record Low As Erdogan Delivers Insane, Deadpan Bloomberg Interview

Remember how, on Sunday, Turkish Sultan (a man who's never met a "good" Kurd or a rate hike that he liked) Recep Tayyip ErdoÄŸan suggested that he might just need to force CBT to cut rates after he gets this farcical "election" out of the way next month? https://twitter.com/heisenbergrpt/status/995632837842882560 Specifically, this is what he said in Istanbul before leaving for a visit to the U.K.: I called for lower interest rates before and I will do so again. Especially after the June

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11 thoughts on “Lira Plunges To New Record Low As Erdogan Delivers Insane, Deadpan Bloomberg Interview

  1. The Justice and Development Party is Islamist, but it is also supposed to be the pro-business Party in Turkey. You would think Erdogan would know how to business better.

  2. “Any semblance of independence is out the window”! Really? Is this what frightens you? If you thought Turkey under different regimes had an independent central bank before than you are hilarious, with or without a funny hat. Central banks while independent in the west have not exactly proven to be a beacon of economic and price stability. 2008 should be enough to prove the point.

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