Bank un­der fire over rates

The Press and Journal (Aberdeen and Aberdeenshire) - - WORLD NEWS -

Turk­ish pres­i­dent Re­cep Tayyip Er­do­gan, above, has crit­i­cised the cen­tral bank for sharply raising in­ter­est rates.

He said the coun­try would “see the re­sults” of the bank’s in­de­pen­dence.

The bank raised its key rate from 17.75% to 24% to stem a cur­rency cri­sis. Mr Er­do­gan said that his “pa­tience” with the bank would have its lim­its.

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