Turkey's president says central bank takes its own decision amid financial crisis

ANKARA, Sept 13 (Reuters) - Turkey's central bank is independent and makes its decision on interest rates on its own, President Tayyip Erdogan said on Thursday but added that his stance on high borrowing costs remained unchanged.

Speaking hours before a key decision by the central bank on interest rates, Erdogan, a self-declared enemy of high-interest rates, went on to criticise private banks saying some have increased their rates up to 50 percent.

Erdogan also told a traders' confederation that finance sector should help the private sector by restructuring debts.