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Lira Strengthens After Erdogan Says Turkish Court Will Decide Pastor's Fate
Despite President Recep Tayyip Erdogan's promises that another economic boom is just around the corner, Turkey's people have continued to struggle with the fallout from a rapidly deteriorating economy that has sent rates of inflation above 18% as international investors have scrambled to move their money out of the country. And while investors have sent the lira higher this week following comments from US Secretary of State Mike Pompeo that Turkey might soon release an imprisoned US pastor, as well as assurances from Erdogan that the Turkish central bank would remain independent, the strongman insisted during an ... (full story)
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