Erdogan addresses the provincial governors of Turkey during a meeting at the Presidential Palace in Ankara.
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President Recep Tayyip Erdogan blamed an "interest rate lobby" of speculators for the Turkish lira's slide and said he would discuss its decline with the country's embattled central bank and the government's economy czar.The lira briefly recovered from record lows following his comments, with investors encouraged that he had refrained from his usual criticism of the central bank and which followed meetings between his economic team and investors in New York.Another senior official also said it was time to stop talking about the central bank as its members were doing their job, in remarks which may also please investors worried about complaints from Erdogan, eyeing the June election, that the central bank has not cut interests rates sharply enough.Speaking later to Turkish broadcaster NTV, Deputy Prime Minister Bulent Arinc called for an end to political pressure on the central bank, in comments criticizing Erdogan's recent hectoring of the lender.
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