According to Reuters; "" According to Reuters, Erdogan said in an interview with television Tuesday late on Tuesday spoke to the central bank governor today. Definitely reduce interest rates.
"We need to see interest rates begin to fall in July and August, adding that this would raise the burden on investments.
"The comments of Erdogan, who describes himself as an enemy of interest rates, has led to a decline in the lira, which has already been under pressure last week to new records against the dollar. / p>
"The Turkish currency fell more than four percent to a record low of 8.88 pounds against the dollar after Erdogan's comments.
Turkey depends on the difficult currency of tourism to support its current account deficit and risk another lost season this year under the imposition of several countries on travel because of the high number of cases of infection With Corona virus.
