Erdogan Economics Weaponized as Central Bank Looks to Cut Rates

Turkey is about to embark on one of the greatest central banking experiments in emerging markets -- and the timing couldn’t be better.

Long a believer that high interest rates cause inflation, President Recep Tayyip Erdogan is finally putting that unconventional theory into practice by installing Murat Uysal as governor this month after firing his predecessor for failing to cut sooner.