Turkey came under 'economic attack' after U.S. statements, Erdogan says

  • Turkish President Tayyip Erdogan on Friday said Turkey came under a "heinous economic attack" after statements from the United States.
  • At a speech to officials from his AK Party in Ankara, Erdogan also said Turkey would see the result of the central bank's independence after its substantial rate increase a day earlier.
President of Turkey and leader of the Justice and Development Party (AK Party) Recep Tayyip Erdogan delivers a speech during AK Party's extended meeting of provincial heads in Ankara, Turkey on September 14, 2018.  
Cem Oksuz/Anadolu Agency | Anadolu Agency | Getty Images
President of Turkey and leader of the Justice and Development Party (AK Party) Recep Tayyip Erdogan delivers a speech during AK Party's extended meeting of provincial heads in Ankara, Turkey on September 14, 2018.  

Turkish President Tayyip Erdogan on Friday said Turkey came under a "heinous economic attack" after statements from the United States.

At a speech to officials from his AK Party in Ankara, Erdogan also said Turkey would see the result of the central bank's independence after its substantial rate increase a day earlier. On Thursday the central bank lifted its benchmark rate by 6.25 percentage points.

In a speech to officials from his AK Party, Erdogan went onto add that his patience with interest rates had limits. He called on Turks to convert all savings to lira, and said the private sector must not give up on production and investments.

Turkish ministries are reviewing investment plans and will not consider making further fresh investments, although investments which are 70-80 percent finished will be completed, he added on Friday.