‘Palace politics’ behind Erdogan’s sacking of central bank chief
31 March 2021 - 16:35
Politics drove Turkish President Tayyip Erdogan’s sacking of central bank chief Naci Agbal after just four months in office, according to six informed sources. One said the big interest-rate hike two days earlier was “the last straw”.
Agbal’s shock dismissal by Erdogan, who dislikes orthodox monetary policy, pushed Turkey to the cusp of another currency crisis...
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