President Tayyip Erdogan of Turkey on Friday again blamed the U.S. for what he called a “heinous economic attack” that has sent the lira tumbling some 40 per cent this year.
At a speech to officials from his AK Party in Ankara, Erdogan also said Turkey would see the result of the central bank’s independence after its substantial rate increase a day earlier.
On Thursday the central bank lifted its benchmark rate by 6.25 percentage points.
On Aug. 11, Erdogan accused the U.S. of waging economic “war” on Turkey amid a downturn that has seen the currency plunge.
The warning came after his U.S. counterpart, Donald Trump, escalated a feud by doubling tariffs on metals imports.