Global Analysis from the European Perspective. Preparing for the world of tomorrow

Erdoğan takes aim at Central Bank independence, says Bank is on ‘wrong path’

President Recep Tayyip Erdoğan has blasted Turkey’s Central Bank, saying it is “on the wrong path” and claiming that a lack of government intervention in monetary policy has saddled Turkey with high inflation and a slowdown in investment. “They are saying that central banks have an independence; they told us not to intervene. It came to this point because we haven’t [intervened],” Erdoğan said

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