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Turkey

Turkish central bank chief fired

epa07698452 (FILE) - Governor of Central Bank of Turkey Murat Cetinkaya speaks during a press conference with the Governor of Central Bank of Albania Gent Sejko (not pictured) in Tirana, Albania, 06 November 2017 (reissued 06 July 2019). Reports on 06 July 2019 state Governor of Central Bank of Turkey Murat Cetinkaya has been removed from his position, and replaced by Murat Uysal, his deputy. EPA-EFE/MALTON DIBRA

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

Filed under BankingTurkey

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