Central Turkey "in the test of interest .. Erdoğan dictatorship and the credibility of" Albayrak "

To Curb Inflation and Lower Exchange Rate of Pound Turkish Turkish central bank raised interest rates on Tuesday. Morgan Stanley analysts said Monday that if current "nonbank" financial policies continue, the central bank will have to raise interest rates further for the rest of the year.

Despite expectations, the Turkish central bank is today in a critical test of its credibility a month after President Recep Tayyip Erdogan won a new presidential term, which worried investors about the Independence of monetary policy.

Erdogan wins a second term with an absolute majority in the June 24 elections, but concerns over economic policies emerge as his brother-in-law, former Energy Minister Patna al-Bayrak , was chosen as Minister of Finance and Finance.

Investors were increasingly worried after the elections after Erdogan himself gave power to single-name a central bank governor.

Since his appointment, al-Bayraq has sought to reassure the markets and gain confidence in the economy, stressing that the independence of the central bank would not be "a subject of speculation".

Erdogan worries about investors after pledging to play a larger role in monetary policy and keeping the pressure on the bank to reduce rates to stimulate growth, in contempt from the independence of the central bank.

In comments that shocked some financial market players, Erdogan described interest rates as "the basis of all ills".

But economists say that the economy needs higher interest rates, with inflation reaching 15.4%, the lira losing about 25% against the dollar this year and the widening deficit.

The redemption rate for a week is currently 17.75% after the revaluation of the lira by 3.0 percentage points on May 23 and an additional 1.25 percentage point on June 7.

Nevertheless, inflation continues to rise as the currency continues to lose value against the dollar and the euro.

Economists expect their value to rise between 0.75 and 1.50% when the central bank announces its decision at 11:00 GMT.

The pound lost 3.5% of its value against the dollar during the early hours of the announcement of the appointment of al-Bayraq.

But al-Bayraq said Monday that he would hold regular meetings with economists and would publish photographs of a meeting with academics and other experts.