Turkey's interest rate gamble blows out to 80% inflation - New Zealand Herald

The country's president believes higher interest rates actually fuel inflation.

President Recep Tayyip Erdogan has watched as his currency has been decimated, plummeting by 44 per cent last year and falling another 26 per cent this year. Photo / Khalil Hamra, APWhile the rest of… [+4121 chars]

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