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'Disbelief' - Investors in Turkey stunned by Erdogan's fight with markets

Reuters  |  LONDON 

By Karin StroheckerLONDON (Reuters) - "Shock and disbelief" - that's how global money managers reacted to an attempt by Turkish President Tayyip Erdogan to re-assure foreign investors about his economic management as the lira went into tailspin. Fund managers who met Erdogan and his delegation in London on Monday, part of a three-day visit to Britain, were baffled about how he plans to tame rising inflation and a currency in freefall - while simultaneously seeking lower interest rates.Some said that while Erdogan has crushed his domestic enemies, he would find taking on international ...

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First Published: Tue, May 15 2018. 23:22 IST