Turkish lira in historic 15% crash after Erdogan stokes fire sale

Lira has shed 45% vs dollar this year, worst in world Central bank has slashed policy rate 400 points since Sept Turks say household budgets, future plans in turmoil Ex-central banker calls for end to ‘irrational experiment’ Erdogan insists tighter policy will not lower inflation Turkey’s lira nose-dived 15% on Tuesday in its second-worst day