The Turkish central bank chief Murat Cetinkaya has been relieved after official statements in the morning of his post. Successor is his former deputy Murat Uysal, it says in a presidential decree, which was published in the Official Journal. One reason for the dismissal was not mentioned in it.
President Recep Tayyip Erdogan has repeatedly demanded interest rate cuts from the central bank to boost the Turkish economy. But Cetinkaya had referred to the independence of the central bank. These differences have been exacerbated in recent weeks, it said in government circles. „The President and the Minister of Finance have called for his resignation,“ said an insider. But Cetinkaya refused.
The central bank announced today that it would continue to act independently. The new central bank chief considers price stability as the most important goal.
