Erdogan removes central bank governor

Erdogan has removed Murat Çetinkaya as central bank governor early July 6 and replaced him with the bank’s deputy governor, Murat Uysal, according to a presidential decree published in the official gazette.

According to a statement by the central bank, Uysal said in his first remarks as governor that he will continue to “independently apply monetary policy tools to maintain price stability.”

He also said that communication channels will be used in line with the central bank’s targets.

The statement added that Uysal will hold a press conference in the coming days.