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KM Financial Solutions | UPDATE 2-Turkey’s Erdogan calls interest rates “mother of all evil”; lira slides
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UPDATE 2-Turkey’s Erdogan calls interest rates “mother of all evil”; lira slides

10 May UPDATE 2-Turkey’s Erdogan calls interest rates “mother of all evil”; lira slides

Posted at 15:15h in News by
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ISTANBUL, May 11 (Reuters) – Turkish President Tayyip
Erdogan called for lower interest rates on Friday and described
them as the “mother and father of all evil”, triggering a fresh
slide in the lira as investors worried about the central bank’s
ability to rein in high inflation.

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