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Reuters news agency, citing an anonymous source, said the new governor of Turkey’s central bank, Shihaboglu, did not foresee an immediate change in monetary policy.
In a call that lasted around 90 minutes, the governor told bankers on Sunday that he did not foresee an immediate change in policy and that any move would depend on inflation, according to a source close to the call.
For the third time in less than a year, Turkish President Recep Tayyip Erdogan has sacked the governor of the central bank.
In turn, US Goldman Sachs Bank expected the Turkish lira to suffer a series of cuts alongside each interest rate cut announced by the new central bank governor.
Turkish President Recep Tayyip Erdogan has sacked central bank governor Naji Iqbal and appointed Shihaboglu to replace him.
The new central bank governor has pledged to take the necessary measures to fight inflation, with the aim of reassuring struggling markets in the face of the sudden dismissal of his predecessor.
“The Turkish Central Bank will continue to effectively use all of its monetary policy tools in order to achieve its goal: a sustainable reduction in inflation,” he said in a statement.
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