Turkish central bank chief fired

Turkish President Recep Tayyip Erdogan has fired the governor of the central bank and replaced him with his deputy.

No official reason was given for the sacking of Murat Cetinkaya, who had held the position since April 2016.

However, it comes amid reports of disagreements over interest rates, which the government wants to lower in a bid to boost economic growth.

The announcement has prompted renewed concern over the central bank’s independence.

 

Via The Guardian

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