Erdogan: Central Bank head failed to perform his duties

Removal would not have occurred had Central Bank "properly played its role in economic policy", says Turkish president

By Ali Murat Alhas

ANKARA (AA) - Turkey's president on Wednesday said the country's Central Bank governor was recently dismissed due to his failure to carry out his duties.

Recep Tayyip Erdogan’s remarks came at a union gathering organization held in Ankara.

"Had the Central Bank properly played its role in economic policy as expected, this removal would not have happened," Erdogan said.

Early last Saturday, Murat Cetinkaya was dismissed from his post as Central Bank governor via presidential decree, to be replaced by his deputy Murat Uysal.

The move was defended by the ruling Justice and Development (AK) Party on the grounds that it was "within the rights entitled to the president."

Opposition circles have claimed that Erdogan removed Cetinkaya due to his failure to cut interest rates.

Kaynak: