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The head of Turkey's central bank said on Monday that a 100 basis-point interest-rate cut last month was not a surprise and had little to do with the sell-off that resulted in the lira, which declined to a new record low beyond 9 against the dollar. ....
Turkish President Tayyip Erdogan is losing confidence in Sahap Kavcioglu, his latest appointment as central bank governor, and the two have communicated little in recent weeks, three sources familiar with the matter told Reuters. ....
Turkish President Tayyip Erdogan is losing confidence in central bank governor Sahap Kavcioglu, less than seven months after he sacked his predecessor, and the two have communicated little in recent weeks, three sources familiar with the matter said. ....
Turkey's central bank governor told investors on Wednesday that policy was sufficiently tight to tackle inflation and he expected core price measures to fall in the short term, according to three sources on a briefing call with the bank. ....