Maybe they’ll invite me there for Thanksgiving- see where it all started!

Erdogan: You Can’t Decide Interest Rates According to Inflation

By Ali Berat Meric

Feb 4 (Bloomberg) — Turkish President Recep Tayyip Erdogan says making interest-rate cuts dependent on slowing inflation is the result of a “wrong mentality.”

Erdogan, speaking to small business federation in Ankara:

* Says interest rates cause inflation

* “There are still those who don’t understand that if you cut interest rates you’ll cut inflation’’

* Some are trying to hold Turkey back with high interest rates

* Referring to Turkish central bank’s decision not to cut rates: “Unfortunately, this is the point we come to when the institution is independent”