Turkish lira weakens over US dollar, Erdogan strikes with criticism

Erdogan said investments in Turkey will stop if interest rates remain high and current economic problems are the result of the government, which is able to intervene directly in Central Bank policies.

If you try to offer loans at such high rates, of course investments will stumble and stop... We cut interest rates and inflation fell into single numbers. After increasing interest rates began, we have again seen the double-digit inflation rate,”, he told Justice and Development Party officials (AKP) that is in power.

“They say,” The Central Bank is independent and do not intervene. “But it's going to this point, because we're not interfering”, Erdogan added.

After the launch of the valuable dive, the lira returned slightly to 3,8943 at noon./Periscopi/