The Turkish lira continued to slide on Thursday as President Recep Tayyip Erdogan explicitly intervened in monetary policy promising a drop in interest rates.
One Euro bought just under 5,7 Turkish Lira on Thursday, which sets a new record.
Erdogan’s intervention follows the appointment of his son-in-law Berat Albayrak as minister of finance on Monday, which is seen as a sign of determination to maintain a tighter and personal grip over economic policy.
Albayrak is not expected to oppose his...
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