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Turkey's Erdogan Axes Central Bank Governor

2019-07-12 1 Dailymotion

Turkish President Tayyip Erdogan sacked Turkey's Central Bank Governor Murat Cetinkaya on Saturday.<br />Differences between them deepened over the timing of interest rate cuts to revive the recession-hit economy.<br />Cetinkaya's four-year term was due to run until 2020. He'll be replaced by his deputy Murat Uysal.<br />According to Reuters, Cetinkaya was terminated by presidential decree. No official reason was given for the sacking. <br />

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