Turkey's Erdogan calls for rate cut, says no early election

[World News]

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By Nick Tattersall and Gulsen Solaker ANKARA (Reuters) - Turkish Prime Minister Tayyip Erdogan called for an emergency interest rate cut, ruled out early elections and spoke against the lifting of a Twitter ban on Friday, signalling no let-up in his domineering style ahead of an expected August presidential bid. Returning to the public eye after several days of rest following his AK Party's strong showing in local polls last Sunday, Erdogan said markets had rallied on the back of the election results and lower interest rates would encourage investors to pump more money into Turkey. But his efforts to dictate monetary policy unnerved the markets, with the lira weakening on fears that political pressure to keep rates low could compromise the central bank's ability to fight rising inflation and external imbalances.

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