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Turkish Central Bank cuts interest rate again

Observers say the economic plan of President Erdogan risks further undermining currency stability in Turkey. 

Rahshan Saglam
Press TV, Istanbul

The Turkish lira has plunged to a new low after the Central Bank slashed country’s key interest rate for the third month. As observers say, the economic plan of President Recep Tayyip Erdogan risks further undermining price and currency stability in Turkey.