Politics World

Turkish President Sacks Central Bank’s Governor.

By Africa Today

Recep Tayyip Erdogan

Turkey has sacked the governor of its central bank and replaced him with his deputy, a presidential decree published in the official gazette said on Saturday.

Murat Cetinkaya, who was appointed to the role in April 2016, had been replaced by Murat Uysal, the decree said, but gave no official reason for the change.

There had been recent speculation that Cetinkaya could be replaced amid disagreements with the government on cutting interest rates.

President Recep Tayyip Erdogan has repeatedly criticized against high interest rates and called for them to be lowered in a bid to stimulate growth.

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