Recep Tayyip called central bank to cut interest rate below 10%

Turkey’s President Recep Tayyip Erdogan called for the central bank to continue cutting its main interest rate to below 10% by year-end, defying investors and economists who say rate increases are needed to tame inflation raging above 80%.

Erdogan Says He Wants Turkey’s Interest Rate in Single digits this year, also says rates will fall further, won’t go up.