Foreign exchange market of announcement

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Reference no: EM133001323

In response to a failing Turkish lira the President of Turkey Peep Tayyip Erdogan on May 11, 2018 called for lower interest rates and described interest rates as the 'mother and father of all evil"

-Discuss the likely reaction by the foreign exchange market of this announcement.

-What monetary policies would be needed to support the value of the Turkish lira?

Reference no: EM133001323

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