Turkish MPC could face lawsuit

Erdem Basci: under fire

Members of the Turkish central bank's monetary policy committee (MPC) could face legal action over their refusal to cut interest rates, including the threat of jail terms.

Local media sources reported this week that Muhammed Serif Aydin, an attorney at the Ankara public prosecutor's office, had privately brought a criminal complaint against the MPC on the grounds that its refusal to cut interest rates had harmed the Turkish people.

The central bank, and particularly governor Erdem Basci, has com

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