The Turkish lira dipped to new record lows on Wednesday after President Recep Tayyip Erdogan rattled investor confidence by saying he had spoken to the central bank governor about the need to lower interest rates. The lira weakened about 3% early Wednesday following Erdogan’s comments, reaching 8.8 against the dollar. It later recovered some ground, stabilizing at 8.62 against the dollar. “I spoke to the central bank governor today. It is imperative that we lower interest rates,” Erdogan said in an interview late Tuesday with state broadcaster TRT. He suggested July or August as a possible target date for a rate cut. In March, Erdogan fired his third central bank
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