Turkey enjoyed booming growth during Erdogan's first decade in power.
Foreign investors began to leave the once promising market and now hold less than one percent of Turkey's bonds -- down from around 20 percent in 2015. The cost of living crisis pushed Erdogan into his first election runoff in May, which he won with the help of a massive spending pledge for his political base.
He pledged repeatedly on the campaign trail that Turkey would never raise interest rates while he was president.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: