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