© Reuters. FILE PHOTO – Turkish President Tayyip Erdogan attends a press conference on the sidelines of the EU-27 summit and informal meeting of the European Political Community at Prague Castle in Prague, Czech Republic, October 6, 2022 . REUTERS/Leonhard Fogg
ANKARA (Reuters) – Turkish President Tayyip Erdogan vowed on Saturday that he will stay in power as long as he remains in power after the central bank surprised markets with two rate cuts in the past two months. Continue monthly rate cuts.
“As long as this bro of yours is in this position, the interest will continue to drop every day, every week, every month,” he said in West Balikesey. said at a rally in Ireland.
Inflation has soared since November as the lira slid as the central bank slashed policy rates amid Erdogan’s long-sought unorthodox easing cycle fell.
