Turkey's central bank board removes five executives

Erdem Başçı

The Central Bank of the Republic of Turkey (CBRT) yesterday replaced five senior officials amid strong government pressure for additional interest rate cuts to boost the economy, according to local media reports.

The central bank's board agreed to remove two directors general, one deputy director general and two directors in a meeting yesterday afternoon, according to leading Turkish media outlet Hurriyet.

A spokesperson for the bank, which has yet to address the reports, said the "internal tran

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