President Erdogan dismisses two deputy governors and an MPC official following their resistance to policy changes
Turkish President Tayyip Erdogan speaks during a news conference following a cabinet meeting in Ankara, Turkey, October 11 2021. Picture: PRESIDENTIAL PRESS OFFICE/REUTERS
Erdogan appointed Taha Cakmak as a deputy central bank governor and Yusuf Tuna as an MPC member, it said. The MPC overhaul came after the presidency said on Wednesday evening that Erdogan had met central bank governor Sahap Kavcioglu, publishing a photo of Erdogan standing next to him. Erdogan has made a series of changes to the MPC in recent years. He fired three bank governors in the past two-and-a-half years over policy disagreements, hitting the lira and badly harming the credibility and predictability of monetary policy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Slovak central bank governor Peter Kazimir charged with briberyThe ECB policymaker, who denies wrongdoing, charged after the country’s former head of tax administration co-operates with investigators
Read more »
Venezuela burns through cash to prop up ‘digital bolivar’Central bank injects $40m per week into the forex market after launch of new version of local currency with six fewer zeros raises prices
Read more »
Kenyan athlete Tirop found dead with stab woundsRecord-breaking Kenyan distance runner Agnes Tirop was found dead Wednesday with stab wounds to her stomach in a suspected homicide, athletics officials said.
Read more »
Standard Bank announces Top Ten finalists in the 2021 Standard Bank Business Awards | CitypressFinalists then submitted additional company data and financial information that was reviewed and endured a grueling interview process to reach the top 10.
Read more »
Morgan Stanley’s record deal-making quarter lifts profitBooming capital markets and merger-advisory businesses generate record fees
Read more »
Dlamini Zuma denies millions disappeared from North West municipalityDr Ruth Mompati Municipality is one of the municipalities that deposited millions into VBS Mutual Bank.
Read more »