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Economy

Turkey cuts interest rates again despite calls for course change

Business leaders issue rare critique of Erdogan on inflation and currency

Turkish President Recep Tayyip Erdogan has ramped up pressure on the central bank to stimulate the economy.   © Reuters

ISTANBUL -- The Turkish central bank cut its key interest rate for the second straight meeting on Thursday, pushing the lira to a record low even as business leaders question the direction of monetary policy under President Recep Tayyip Erdogan.

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