Turkish PM Erdogan criticises central bank over interest rates


  • World
  • Wednesday, 04 Jun 2014

ANKARA (Reuters) - Turkish Prime Minister Tayyip Erdogan said on Tuesday he hoped the central bank would cut interest rates further, criticising its stance and raising further concerns about political interference in monetary policy.

The bank trimmed rates for the first time in a year last month despite high inflation after calls for a cut from Erdogan, who is eager to maintain economic growth ahead of an August presidential election and parliamentary polls in 2015.

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