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Erdogan ally points to 'painful' Turkish rate hike
Erdogan ally points to 'painful' Turkish rate hike
by  AFP

Turkish President Recep Tayyip Erdogan's influential partner in his ruling coalition warned Tuesday the government needs to take "painful" economic recovery measures that include interest rate hikes. Both have promoted conventional policies that include interest rate hikes to combat inflation -- the opposite of the approach long backed by Erdogan.

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