Turkey's Central Bank Governor Erdem Basci

Turkey's Central Bank Governor Erdem Basci

Goh Seng Chong/Bloomberg

Erdem Basci, governor of Turkey's central bank. Since September, Basci has reduced at least one of his three main rates every month, including a 100 basis-point cut to the overnight lending rate, the upper band of the so-called interest-rate corridor, to 7.5 percent on March 26.