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Turkey’s Erdogan Wanted Lower Interest Rates, So He Axed The Head Of The Central Bank

2019-07-12 4 Dailymotion

Turkish President Recep Tayyip Erdogan reportedly removed the head of the country's central bank for refusing to lower interest rates.<br />Erdogan removed Gov. Murat Cetinkaya by presidential decree Saturday, ending his term over a year before it was set to end in 2020.<br />Erdogan has repeatedly criticized the central bank for having kept its benchmark interest rate at 24% since last September.<br />According to Business Insider, Erdogan argues that the approach is hurting the Turkish economy. <br />

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