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
Reuters – Reuters Editorial – Jul 5, 7:32 PM
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 cut Turkey’s long-term issuer rating to B1 from Ba3 on Friday, a move The Turkish Ministry