Turkish President Recep Tayyip Erdogan continues to insist that there is no independence when the conversation revolves around the Central Bank of Turkey. Everything is done at his behest and he is the one who rushes, even at the last minute, to “silence” anyone who dares to oppose his plan for low interest rates amid […]
Tag: Sahav Kavtzioglou
Erdogan’s change of Ministry of Foreign Affairs disbands Central Bank’s efforts to save pound
Any possibility that the Turkish Central Bank (TCMB)’s first intervention in the pound in seven years would strengthen the currency has been dampened by Turkish President Recep Tayyip Erdogan’s decision to replace Finance Minister at midnight. The currency fell as much as 2.1 percent on Thursday, erasing all gains from the previous day, after Erdogan […]