ANKARA, Turkey (AP) Turkish President Recep Tayyip Erdogan, long a proponent of cutting interest rates, now supports his advisers’ economic plan that includes raising rates, a member of his economic team said Thursday. In a theory that runs contrary to traditional economic thinking, Erdogan has long pressured Turkey’s central bank governors to lower rates. […]
Long opposed to rate increases, Erdogan now backs plan that includes raising rates, minister says
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Long opposed to rate increases, Erdogan now backs plan that includes raising rates, minister says
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