Laura Pitel in Ankara

After Recep Tayyip Erdogan embarked on a robust defence of his pursuit of low interest rates in a speech to Turkey’s ruling party MPs two weeks ago, he was met with rapture from all those present — except one.His finance minister, Lutfi…

Turkey’s finance minister has resigned and been replaced by a loyalist to President Recep Tayyip Erdogan amid a sharp plunge in the lira.Lutfi Elvan, who was seen as the last remaining voice of economic orthodoxy in the Turkish leader’s…

Turkey has announced a return to a contentious policy of intervening in the currency markets in an attempt to steady the tumbling lira, despite a previous commitment not to do so and limited foreign exchange reserves.The country’s central…