Tag "Erdem Basci"
Turkey’s new Central Bank Governor must walk political minefield
New Central Bank Governor Çetinkaya faces political pressure to cut interest rates while trying to reduce Turkey’s high inflation.
Turkey’s monetary policy feud stokes financial risk
While Turkey – with its ceaselessly falling currency – is struggling with the same global forces as other emerging markets, an internal struggle between President Erdoğan, Central Bank Govenor Basci and deputy PM for
GRI’s Weekly Risk Outlook
Turkish central bank to ease monetary policy further in wake of disinflationary pressures. Indian Reserve Bank to keep rates on hold until government reveals budget details, and Brazilian economy continues
Erdogan undermines Turkish Central Bank’s autonomy
On 30 April, the Governor of Turkey’s Central Bank, Erdem Basci, announced an interest rate cut in the near future, but specified neither number nor schedule. The announcement came a week after reaffirming the Bank’s
