On the other hand, ex-pats who hold TL in Turkish bank accounts are likely to get less interest on their savings.
Wider impacts on the Turkish economy are debatable. RTE says lower interest rates will stimulate business - so more investment, more growth, more wealth. Conversely, others say Turkish companies have a great deal of dollar debt which will more expensive to pay off and so they will suffer economically. Which possibility is the stronger? Toss your coin, KKOB, and make your call.