Turkey could stop its currency collapsing in value by hiking interest rates by as much as 10%, according to multiple analysts. Unfortunately, that looks unlikely given that President Recip Tayyip Erdogan is exerting influence over the country's central bank and has publically attacked interest rates as "evil." The Turkish lira fell 25% against the dollar last week and is down another 1% on Monday morning, having fallen as much as 10% in earlier trade. The currency has been hit by tariffs levied by the US, a widening current account deficit, and fears over what Erdogan's growing influence over the Turkish central ... (full story)