The Turkish lira has plummeted once further as Erdogan ruled out raising interest rates.

STANBUL, Turkey (AFP) – The struggling Turkish lira fell another 5% versus the dollar on Monday as President Recep Tayyip Erdogan used Islamic principles to justify not hiking interest rates to stabilise the currency. Despite the fact that the annual rate of inflation has risen to more than 20%, Erdogan has urged the central bank […]