Erdogan sacks Central Bank Governor again – Breaking News

Last updated: 20th March 2021 1:15 am

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Turkey’s President Recep Tayyip Erdogan ousted central bank Governor Naci Agbal, two days after a bigger-than-expected increase in interest rates.

Erdogan named Sahap Kavcioglu as the new head of the country’s monetary authority, according to a decree published in the Official Gazette on Saturday.

The removal comes on the heels of a 200 basis-point interest-rate hike by the central bank on Thursday.

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