Turkey's President Tayyip Erdogan speaks to the media after a bilateral meeting with Colombia's President Juan Manuel Santos at the president's palace in Bogota February 10, 2015. REUTERS/John Vizcaino
ISTANBUL (Reuters) - Defending high interest rates is tantamount to treason, Turkish President Tayyip Erdogan warned at the weekend, and said the governor of the central bank and deputy prime minister in charge of the economy needed to "shape up".
Deepening a standoff which has rattled investor nerves, Erdogan was quoted on Monday as saying he would hold talks with Central Bank Governor Erdem Basci, under fire for failing to cut rates as sharply as Erdogan wants.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
