Turkish premier queries central bank’s autonomy
Recep Tayyip Erdogan, the Turkish prime minister, launched his latest attack on the country's central bank on Friday, questioning its independence.
Erdogan was quoted in Milliyet, a Turkish newspaper, as saying that he disapproved of the central bank's autonomy.
The Central Bank of Turkey law, which came into force in January 1970, states that the institution is the "ultimate body authorised and responsible to implement the monetary policy." However, the central bank has overshot its inflation
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