FILE PHOTO: Turkish President Tayyip Erdogan speaks during a news conference after his meeting with German Chancellor Angela Merkel (not pictured) at Huber Mansion in Istanbul, Turkey October 16, 2021. REUTERS/Murad Sezer/File Photo
ISTANBUL (Reuters) - Turkish President Tayyip Erdogan said on Saturday he hoped that foreign-exchange rates would stabilise shortly and again promised low interest rates, after a historic plunge in the lira currency to record lows.
"God willing we will stabilise foreign-exchange rates in a short time period," Erdogan told an audience in the eastern city of Siirt. "Interest rates are a malady that make the rich even richer and the poor even poorer," he added.
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