Business & FinanceEnvironment

Turkey’s Erdogan

On June 1, Reuters was ahead with key comments by Turkey’s President Tayyip Erdogan to state broadcaster TRT Haber, including that Turkey needs to lower interest rates, that he will announce “good news” regarding natural gas reserves in the Black Sea and that he hopes to maximize cooperation with Egypt and Gulf nations.

Market Impact

Erdogan’s comment on needing to lower interest rates sent the lira down 4% to record lows against the dollar.

Article Tags
Topics of Interest: Business & FinanceEnvironment
Type: Reuters News First
Sectors: Commodities & EnergyEconomy & Policy
Regions: Europe / Middle East / Africa
Countries: Turkey
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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