Turkey’s Erdogan reportedly fired his central bank chief for refusing to slash interest rates

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Turkey’s Erdogan reportedly fired his central bank chief for refusing to slash interest rates
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The comments were expected to add to concerns about monetary policy independence in the embattled economy.

Turkish President Recep Tayyip Erdogan reportedly removed the head of the country's central bank for refusing to lower interest rates. Erdogan has repeatedly criticized the central bank for having kept its benchmark interest rate at 24% since last September, arguing that the approach was hurting the economy. Visit Markets Insider for more stories.

Turkish President Recep Tayyip Erdogan reportedly removed the head of the country's central bank for refusing to lower interest rates. Erdogan has repeatedly criticized the central bank for having kept its benchmark interest rate at 24% since last September, arguing that the approach was hurting the economy. Visit Markets Insider for more stories.

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