Turkey’s Erdogan `Sees` Interest Rate Cut this Thursday

(Bloomberg) — Turkish President Recep Tayyip Erdogan says he “believes” the central bank will cut interest rates when its monetary-policy committee meets Thursday, state news agency Anadolu reported. Inflation will decelerate after rates are slashed, Erdogan said in an apparent reference to his personal belief that price gains slow when the cost of borrowing is reduced. Most economists think the