Turkey’s New Central Banker Breaks Silence to Map Out Rate Cuts

Turkey’s new central bank governor ended days of silence since his surprise appointment by President Recep Tayyip Erdogan with a message that hinted at restraint as he pivots toward interest-rate cuts.

Speaking in his first interview since his predecessor’s ouster over a week ago, Murat Uysal said “there is room for maneuver in monetary policy” but vowed to preserve “a reasonable rate of real return” for investors. Adjusted for prices, Turkey has the highest borrowing costs in the world after inflation slowed more than forecast last month.