Erdogan tells Turks to shun credit cards, rounds on banks


  • World
  • Wednesday, 17 Jul 2013

ISTANBUL (Reuters) - Turkish Prime Minister Tayyip Erdogan urged Turks not to use credit cards, accusing banks of locking people into poverty with excessive fees, and rounding on an "interest rate lobby" he says is seeking to weaken the economy.

The comments opened a new front in the verbal attacks Erdogan has periodically made against the financial community, which is betting the country's central bank will raise borrowing costs next week to steady the ailing lira currency.

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