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Erdogan sacks another central bank governor

Erdogan sacks another central bank governor
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Turkey Erdogan getting ignored by Biden, looks desperate for attention

Erdoğan has replaced top officials unsavory to the US and offered negotiations on the F-35 program in moves apparently to appease Biden.

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Back-to-basics Agbal hopes this time is different at Turkey's central bank

Publishing date: Feb 17, 2021 • February 17, 2021 • 4 minute read •
Article content
ANKARA — Naci Agbal, Turkey’s new central bank governor, began his career as a financial inspector three decades ago. He hopes such devotion to the rules will see him – and the economy – through one of the trickiest turnaround jobs in emerging markets.
Turkish President Tayyip Erdogan appointed Agbal in early November as the lira touched a record low and double-digit inflation was rising even higher. He has since hiked interest rates to 17% from 10.25%, sending the lira rallying beyond all peers.
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NEWSMAKER-Back-to-basics Agbal hopes this time is different at Turkey's central bank

TURKEY-CENBANK/AGBAL (NEWSMAKER, PIX):NEWSMAKER-Back-to-basics Agbal hopes this time is different at Turkey's central bank

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NEWSMAKER-Back-to-basics Agbal hopes this time is different at Turkey's central bank

NEWSMAKER-Back-to-basics Agbal hopes this time is different at Turkey's central bank
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Back-to-basics Agbal hopes this time is different at Turkey's central bank

Back-to-basics Agbal hopes this time is different at Turkey's central bank
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Back-to-basics Agbal hopes this time is different at Turkey's central bank

Back-to-basics Agbal hopes this time is different at Turkey's central bank
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Turkey′s Erdogan fails to get double-digit inflation under control | Europe| News and current affairs from around the continent | DW

Turkey's Erdogan fails to get double-digit inflation under control
Double-digit inflation and rising consumer prices have taken their toll on Turkey. Experts blame the government for the runaway prices while President Erdogan says foreign entities are behind his country's demise.
The price for fresh fruits and vegetables has increased by 25%
Turkey's economic woes are nothing new. The country's official currency, the lira, has been on a downward slide for the past two years, forcing President Recep Tayyip Erdogan to announce tough monetary and fiscal measures to stop the decline.
And that's not all he's done. He also fired his central bank chief, Murat Uysal, and the finance minister, his son-in-law Berat Albayrak, who officially left office for health reasons.

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Turkey's Erdogan fails to get double-digit inflation under control

Turkey's Erdogan fails to get double-digit inflation under control
© Provided by dw.com
The price for fresh fruits and vegetables has increased by 25%
Turkey's economic woes are nothing new. The country's official currency, the lira, has been on a downward slide for the past two years, forcing President Recep Tayyip Erdogan to announce tough monetary and fiscal measures to stop the decline.
And that's not all he's done. He also fired his central bank chief, Murat Uysal, and the finance minister, his son-in-law Berat Albayrak, who officially left office for health reasons.
Nothing seems to have worked, however, and little has improved in Turkey. The lira remains anemic, food and consumer prices have dramatically increased, and life for people in the country has grown all the more difficult — not to mention more expensive. According to consumer price indicators, year-on-year inflation is up 6% and overall inflation is at 20.6%.

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