Mr. Erdogan dismissed two central bank deputy governors, Semih Tümen and Uğur Namık Küçük, along with a member of the bank’s powerful Monetary Policy Committee, Abdullah Yavaş. Mr. Erdogan abruptly fired the previous central bank governor, Naci Agbal, after he raised interest rates in an effort to control inflation. The decision to dismiss the officials came after Mr. Erdogan met with Mr. Kavcıoğlu on Wednesday night. Investors and analysts said they believe Turkey’s central bank will cut interest rates again by the end of the year, fueling inflation and prompting concerns for potential foreign investors. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time.

Source: Wall Street Journal January 22, 2022 08:32 UTC