Erdogan's central bank overhaul clears way for more rate cuts - Reuters News Agency
Business & Finance

Erdogan’s central bank overhaul clears way for more rate cuts

On Oct 14, Reuters was first to report that Turkey’s President Tayyip Erdogan sacked three members of the Central Bank’s Monetary Policy Committee, clearing the way for further possible interest cuts as soon as the following week. 

Market Impact

The move, announced at midnight, drove the Turkish lira down 1% to a fresh record low against the dollar.



Article Tags
Topics of Interest: Business & Finance
Type: Reuters News First
Sectors: FX & Fixed Income
Regions: Middle East
Countries: Turkey
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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