Erdogan Pressures Banks to Lower Interest Rates

The video discusses the Turkish government's push to lower interest rates, led by President Erdogan, to stimulate the economy after a failed coup. It highlights the central bank's response, including rate cuts under new governor Murat Cetinkaya, and the mixed reactions from commercial banks and investors. The government's actions are seen as removing restrictions on consumer borrowing, which were previously in place to manage Turkey's current account deficit.

What was the previous central bank governor's stance on interest rate cuts?

What concerns do investors have regarding the government's approach to interest rates?