Business Standard

How low can you go? Here are five questions for Turkey's central bank

The bank has slashed its key rate by 400 basis points to 15% since September as part of Erdogan's plan to prioritise exports and lending

Turkey's Central Bank headquarters is seen in Ankara, Turkey
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Turkey's Central Bank headquarters is seen in Ankara, Turkey

Reuters Istanbul
Turkey's central bank is expected to cut interest rates again this week despite a currency crash and soaring inflation as President Tayyip Erdogan keeps up the pressure on policymakers to promote growth ahead of elections in 2023.

The bank has slashed its key rate by 400 basis points to 15% since September as part of Erdogan's plan to prioritise exports and lending, even though economists and opposition lawmakers say the moves are reckless.
 
The central bank has also sold dollars four times this month to slow a volatile sell-off that has left the Turkish lira closing in on 15 to the

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