81. Will Turkey’s Central Bank Yield to President Erdogan’s Pressure?
- Author:
- FARAS
- Publication Date:
- 11-2017
- Content Type:
- Commentary and Analysis
- Institution:
- Future for Advanced Research and Studies (FARAS)
- Abstract:
- Turkish President Recep Tayyip Erdo- gan continues his years-old pressure on the Central Bank to lower interest rates in a bid to encourage lending and consumption, and support the country’s economic growth, damaged by the mid-2016 failed coup attempt. The Turkish economic community considers that the move is highly risky, especially because of the possibility that the apex bank would lose credibility and weaken its ability to achieve monetary and financial stability.
- Topic:
- International Affairs
- Political Geography:
- Turkey