content tagged with naci ağbal

It's much harder to build trust in economy after change of Central Bank head, says economist

It's much harder to build trust in economy after change of Central Bank head, says economist

The Turkish lira recorded an 11-percent depreciation against the US dollar after Erdoğan replaced the Central Bank governor with a pro-government columnist.

22 March 2021 Hikmet Adal

Erdoğan replaces Central Bank governor following interest rate hike

Erdoğan replaces Central Bank governor following interest rate hike

Stepping back from the lower interest rate policy, Ağbal has been dismissed only four-and-a-half months after his appointment.

Central Bank governor says it's 'too early' to talk about an interest rate cut

Central Bank governor says it's 'too early' to talk about an interest rate cut

After Ağbal's appointment, the policy rate has been raised from 10 percent to 17.25 percent.

28 January 2021

‘We are determined to reduce inflation,’ says Turkey’s Central Bank Governor

‘We are determined to reduce inflation,’ says Turkey’s Central Bank Governor

Central Bank Governor Ağbal says, “In 2021, all factors affecting inflation will be taken into account, and the tightness of monetary policy will be decisively sustained until there are strong indicators that point to price stability and a permanent fall in inflation.”

16 December 2020

Turkey to use all policy tools to ensure stability, says new Central Bank Governor

Turkey to use all policy tools to ensure stability, says new Central Bank Governor

The monetary policy communication will be strengthened in the framework of transparency, accountability and predictability principles, Ağbal has said.

9 November 2020