Turkey’s newly appointed finance minister, Nurettin Nebati, appears to be under pressure, according to sources close to the Justice and Development Party (AKP).
According to reports, President Recep Tayyip Erdogan has resented Nebati, as, in a meeting with investors, instead of supporting the statements of the Turkish president, who blames “foreign forces” for the country’s financial woes. Nebati spoke of “distrust” of the government.
At the same time, as it is said, another point that annoyed the Turkish president is that Nebati has downgraded the concerns of millions of Turkish citizens for the country’s economy.
In addition, despite fueling international speculation against the pound through his tactics of low interest rates and trivial “injections” by the Central Bank of Turkey, Erdogan has now targeted Turkish Foreign Minister Seydo’s brother. Nebati.
He predicted that the interest rate would be reduced by 100 basis points one day before the TCMB decision. The Turkish president translates this as reliable inside information, on the part of Brother Nebati, with the result that some people are speculating with this announcement.
Petros Kranias
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Source From: Capital
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