Turkish Lira plummeted by 15%, and President Recep Tayyip Erdogan talked about a sharp interest rate

Original title: Turkish Lira plummeted by 15%, and President Erdogan talked about a sharp interest rate cut

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On the 24th local time, a currency exchange institution was photographed in Istanbul, Turkey. On the 23rd, the exchange rate of the Turkish Lira against the US dollar plunged by more than 15%. Earlier, Turkish President Recep Tayyip Erdogan explained the recent sharp interest rate cut, saying that high interest rates would only lead to inflation, and asked the Turkish central bank to turn to an active easing cycle. The Turkish Lira has depreciated by 45% this year, but the corresponding inflation rate has soared to about 20%.