Turkey in ‘historic struggle’ over rates, inflation: Erdogan ...Qatar

Turkey is in a “historic struggle” against those seeking to shackle it with high interest rates, inflation and exchange rates, President Recep Tayyip Erdogan said on Tuesday after naming a new finance minister in a leadership reshuffle. Overnight, Erdogan appointed former deputy prime minister Lutfi Elvan to the post, replacing his son-in-law Berat Albayrak, who resigned on Sunday in a move that surprised many in the ruling AK Party. The changes began in the early hours on Saturday when Erdogan replaced the central bank governor with former finance minister Naci Agbal, raising hopes for an interest rate hike that could boost the beleaguered lira and ease double-digit inflation. “We are in a

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