Erdogan Gets His Way as Turkish Loan Growth Soars [Video]

Via Yahoo Finance

Dec.19 — Loan growth in Turkey is soaring after four rounds of interest-rate cuts sent consumers rushing for credit. President Recep Tayyip Erdogan’s administration has been trying to reignite growth with cheaper credit as businesses struggle to repay foreign-currency debt because of the lira’s depreciation. Bloomberg’s Paul Wallace reports on “Bloomberg Daybreak: Middle East.”

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