Economics
Turkey’s Emergency Central Banker Trapped in a Catch-22 on Rates
Murat Uysal
Source: Turkiye Cumhuriyet Merkez Bankası
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It was just around 6 a.m. on Saturday when Murat Uysal put out his first statement as Turkey’s new central bank governor.
His pledge to “independently implement monetary policy instruments” for the sake of price stability may seem standard, but practicing what he preaches will be a test for Uysal, who took office after President Recep Tayyip Erdogan’s stunning dismissal of Murat Cetinkaya.