The head of the Turkish Central Bank is fired for non-inflation control

Turkish President Recep Tayyip Erdogan today fired Central Bank Governor Murat Cetinkaya, with whom he had been discussing differences over three months on how to fight inflation and cut rates. d & # 39; interests.

Cetinkaya, who had been in office since 2016, will be replaced by his deputy, Murat Uysal, according to the decree issued by the state's official newspaper, Europa Press reported.

"I will continue to use independent monetary policy instruments focused on price stability," Uysal said in a statement.

The volatility of the Turkish lira, which has lost about 30% of its value against the euro in 2018, and the increase in inflation (by 25% last October) have caused several disagreements between Cetinkaya and President Erdogan.

President Erdogan has accused interest rates (in the order of 24%) of being "the mother and father of all the ills of the economy" in May 's. 39, last year.

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