Trust if you like. “Turkey removes central bank governor, appoints deputy…

by
Reuters – Reuters Editorial – Jul 5, 7:32 PM

ANKARA (Reuters) – Turkey removed its central bank governor early on Saturday and replaced him with the bank’s deputy governor, a presidential decree published on the official gazette showed. Murat Cetinkaya was removed from the governor role and

In Firing Central Bank Chief, Turkey’s Leader Trades Credibility for Growth

NYT > Turkeyby By Peter S. Goodman
The move by Recep Tayyip Erdogan dealt a new blow to the central bank’s credibility while threatening to intensify the nation’s wrenching economic crisis.

Moody’s downgrades Turkey rating to B1, Turkey says decision is biased | Ahval

Moody’s cut Turkey’s long-term issuer rating to B1 from Ba3 on Friday, a move The Turkish Ministry

Turkish lira slumps after Erdoğan dismisses central bank governor | Ahval

Turkey’s lira slid on Monday after President Recep Tayyip Erdoğan dismissed the governor of the…

Erdoğan says central bank chief was fired for refusing rate cuts – Hürriyet | Ahval

Turkish President Recep Tayyip Erdoğan on Saturday said he had sacked the governor of the central…

Turkish Treasury posts $1.9B cash deficit in June

The Turkish Treasury’s cash balance posted a deficit of 11 billion Turkish liras ($1.9 billion) in June, the Treasury and Finance Ministry announced on July 5.

Turkey’s Erdogan fires central bank chief Murat Cetinkaya

BBC News | Europe | World Edition
The president had called for lower interest rates, calling them the “mother and father of all evil”

Erdoğan fires Turkey’s bank governor amid ongoing recession

World news: Turkey
Murat Çetinkaya replaced with deputy over alleged refusal to cut interest rates Turkey has fired its central bank governor as policy

Turkey sacks central bank chief amid economic slump

Al Jazeera English (In Depth)

Former central bank governor faced pressure from President Erdogan to lower interest rates to revive shrinking economy.

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