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Speaking at an event in Ankara, Erdogan said he did not agree with other people's views on interest rates, and that he did not believe borrowing with high interest rates was correct.
The lira hit a record low of 3.9800 to the dollar and 4.7171 to the euro last week over investor concerns at Turkey's monetary policy and relations with Washington. At 1322 GMT, the lira stood at 3.9055 to the dollar and 4.6665 against euro.