Economics

Rare Public Duel Erupts Over Erdogan’s Central Bank Unorthodoxy

Sahap Kavcioglu

Photographer: Adem Altan/AFP/Getty Images

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The Turkish central bank governor faced down withering criticism at a meeting of a major industry group, with his appearance prompting an unusual public airing of grievances over policies that exporters are warning may threaten one of the economy’s engines.

Galloping inflation at home and the risk of a financing crunch for companies are compounding global developments that include higher interest rates, Istanbul Chamber of Industry Chairman Erdal Bahcivan said on Friday.