The Turkish lira sunk to new depths against the U.S. dollar on Wednesday after more rhetoric about monetary policy from the country’s leader and as investors waited for a central bank meeting due Thursday.

Markets zeroed in on comments from President Tayyip Erdogan ahead of Thursday’s central bank policy meeting. “We will lift this scourge of interest rates from people’s backs. We certainly cannot allow our people to be crushed by interest rates,” he said, while addressing lawmakers from his ruling conservative AK Party in…