Turkey President Prefers Rates to be as Low as Possible
August 13, 2018 at 14:29 PM EDT
Turkish President Recep Tayyip Erdogan is in the midst of an ongoing economic hurricane as the local currency continues to devalue in addition to the rising yields on Turkish bonds, which have rocketed past the 20% yield level. However, unlike Turkish bond yields, Erdogan prefers interest rates to...