WORLD Turkey removes central bank governor

WORLD

Turkey removes central bank governor

Xinhua

19:12, July 06, 2019

ANKARA, July 6 (Xinhua) - Turkey removed its central bank governor Murat Cetinkaya and replaced him with his deputy, a presidential decree said on Saturday.

000_1ID96V.jpg

In this file photo taken on April 19, 2016 then new Turkey Central Bank Governor Murat Cetinkaya looks on during a hand over ceremony with Former Turkey Central Bank Governor Erdem Basci (not seen) in Ankara. (Photo: AFP)

Murat Uysal, the deputy governor, will take over the post, the decree published in the official gazette said without giving reason for the change.

In a statement released by central bank, Uysal said that he will continue to "independently implement monetary policy tools to maintain price stability."

The communication channels will be used in line with the bank's targets, he added.

Murat Cetinkaya was appointed to the role in April 2016.

Local media said the decision came as differences between the government and the central bank over the monetary policy have deepened in the past few months.  

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue