SULTANS GOTTA SULTANATE: Erdogan Plans to Tighten His Grip on Turkey’s Economy.

With the Turkish lira at a record low against the dollar and down this year against all 17 major currencies tracked by Bloomberg, Erdogan told Bloomberg TV in London on Monday that after the vote transforms Turkey into a full presidential system, he expects the central bank will have to heed his calls for lower interest rates. The central bank’s key rate is now 13.5 percent, compared with 10.9 percent consumer-price inflation.

“When the people fall into difficulties because of monetary policies, who are they going to hold accountable?” the 64-year-old president said in the interview. “They’ll hold the president accountable. Since they’ll ask the president about it, we have to give off the image of a president who’s influential on monetary policies.”

That “may make some uncomfortable,” he said. “But we have to do it. Because it’s those who rule the state who are accountable to the citizens.”

Previously: “Democracy is like a tram ride: when you reach your stop, you get off.”