Istanbul — Turkish President Recep Tayyip Erdogan said on Wednesday he had dismissed the central bank governor because he failed to follow instructions on interest rates, and the bank had not properly fulfilled its role.

Erdogan sacked Murat Cetinkaya on Saturday, a year before the governor’s four-year term was due to end, replacing him with his deputy, Murat Uysal, and reigniting concerns about political interference in monetary policy.

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