Truce not consensus seen as Erdogan meets Turkish central bank chief

March 11, 2015 8:35 PM

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Truce not consensus seen as Erdogan meets Turkish central bank chief

ISTANBUL (Reuters) - Nervous Turkish markets are hoping President Tayyip Erdogan can make peace with the central bank governor on Wednesday, but the two seem likely at best to agree to disagree on interest rate policy.

Erdogan's demands for a sharp rate cut to boost economic growth before a June election, even though inflation remains high, have helped to send the lira to record lows and raised concern about the bank's independence.

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