Home Economy Erdogan fired Turkey's hawk central bank governor after raising interest rates: Economy

Erdogan fired Turkey’s hawk central bank governor after raising interest rates: Economy


The recently installed governor wrote this:

“While interest rates are close to zero in the world, choosing to raise interest rates for us won’t solve the economic problems,” he wrote in an article for Yeni Safak last month, adding that The rate hike will “indirectly cause inflation to rise”. The Daily Sabah reported that Kavcioglu was an economist who had held senior positions at several banks, including state-owned lending banks Halkbank and Vakifbank.

Hmm …

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