Friday, November 17, 2017

Erdogan Ends Rates Truce, Decrying Central Bank's `Wrong Path' - Bloomberg


Erdogan Ends Rates Truce, Decrying Central Bank's `Wrong Path'
By Selcan Hacaoglu
and Cagan Koc
November 17, 2017, 5:15 AM EST Updated on November 17, 2017, 7:37 AM EST

President reiterates his unorthodox views on inflation, rates
Speech stops short of calling for an immediate rate cut

Turkish President Recep Tayyip Erdogan signaled an end to his uneasy truce with the new central bank chief, attacking the institution now run by Governor Murat Cetinkaya for its repeated revisions to economic targets and “wrong path” to tackle soaring inflation.

More:Erdogan Ends Rates Truce, Decrying Central Bank's `Wrong Path' - Bloomberg