Under pressure from Erdogan and despite high inflation, the central bank has slashed interest rates by 500 basis points since September, triggering a currency crisis that saw the lira plunge last month to 18.4 to the dollar, its weakest level ever.
Surveys by Metropoll Research show the approval rating for Erdogan, who has led Turkey for 19 years and faces elections by mid-2023, is its lowest since 2015, at 38.6%. His popularity trails that of three potential presidential rivals, they show. The main opposition Republican People's Party had 22.9% support and its IYI Party ally had 10.3%, while the pro-Kurdish Democratic Peoples' Party had 9.4%. More than 11% were undecided.An ORC Research poll conducted last week showed AKP-MHP support totalled 38.7%, lagging CHP-IYI on 39.5%. Support stood at 8.4% for the HDP, which informally backed the opposition coalition in 2019 municipal elections that saw the AKP lose control of Istanbul and Ankara, Turkey's biggest cities.
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