Turkey's Erdogan says high interest rate 'lobby' guilty of treason

February 28, 2015 9:42 PM

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Turkey's Erdogan says high interest rate 'lobby' guilty of treason

ISTANBUL (Reuters) - Turkish President Tayyip Erdogan on Saturday said anyone opposing interest rates cuts was guilty of treason, piling more political pressure on the central bank.

Governor Erdem Basci on Friday dismissed rumors that Erdogan's criticisms of the central bank for not cutting rates swiftly enough would force him to resign.

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