"Şebnem Kalemli-Özcan argues that the country’s unconventional monetary policy will aggravate the problems it is meant to solve."

"Erdogan’s adherence to the Quran’s commandment prohibiting paying interest on money is destroying the lira’s value."

"Turkey's lira ended the session up over 20% on Monday after President Tayyip Erdogan introduced a series of steps that he said will ease the burden of the weakened currency on Turks, while vowing to press on with a low-rates policy that _...Read More_

>"Turkey's central bank intervened on the foreign exchange market to try and keep the country's currency from tanking."

"President Erdogan has taken control of the economy and pushed lower interest rates as the currency plunges. Turks have been lining up for subsidized bread and cutting back on meat."

"Contrary to most economists, President Erdoğan has long believed that raising interest rates increases inflation."

People need to cut him some slack, he had his reasons for ousting the central bank chief, okay? There had been a rumor that the guy had _...Read More_