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Old 18th February 2015, 12:00   #1 (permalink)
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Watch The Lira Now

Turkish central bank’s head can be sued for high inflation.

Turkish central bank?s head can be sued for high inflation

Ian
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Old 18th February 2015, 12:03   #2 (permalink)
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Re: Watch The Lira Now

"On Feb. 10, Turkey’s President Recep Tayyip Erdogan criticized Basci’s work, saying that if the central bank’s head can’t cope with his duties, he will be held accountable."
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Old 18th February 2015, 14:06   #3 (permalink)
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Re: Watch The Lira Now

We live in a culture of fear, bullying and blame
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Old 18th February 2015, 17:02   #4 (permalink)
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Re: Watch The Lira Now

I can't find any mainstream newspaper running this story. I suppose Azerbaijan Trend might have it right but I am holding it in "Rumour" category for now. With TRY down by less than 0.2% against USD it doesn't look like money markets have swallowed the story (yet).
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Old 19th February 2015, 06:03   #5 (permalink)
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Re: Watch The Lira Now

I´m shocked! Are you trying to tell me that things on the Internet may not be true?

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Old 19th February 2015, 07:09   #6 (permalink)
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Re: Watch The Lira Now

Unless its in the TLF equivalent of The Bible of course......the Daily Mail!
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Old 19th February 2015, 07:23   #7 (permalink)
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Re: Watch The Lira Now

It is the kind of thing that is happening in this country. The prosecution service in Ankara is run by and for the AKP.
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Old 19th February 2015, 10:26   #8 (permalink)
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Re: Watch The Lira Now

http://www.zerohedge.com/news/2015-0...interest-rates

"However, Turkey’s deputy prime minister for economic affairs, Ali Babacan, said the central bank pursues right monetary policy."
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Old 19th February 2015, 12:31   #9 (permalink)
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Re: Watch The Lira Now

The story that Basci could be prosecuted seems more plausible than this one on the same day:

The Turkish lira will begin to "pick up the pace," showing a stronger performance in the short term, a report by investment bank JPMorgan said yesterday. "Political pressure on the Central Bank of the Republic of Turkey to cut rates seems to be easing," the report said.

This seems to be based on what Basci's pal Babacan said (see Post #8). Babacan is not standing again in June. Perhaps Basci can last till then.

Turkish lira expected to pick up the pace: JPMorgan - Daily Sabah

Last edited by TCJ; 19th February 2015 at 12:50..
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Old 19th February 2015, 12:47   #10 (permalink)
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Re: Watch The Lira Now

Your excerpt from the 'Daily Sabah' doesn't seem to be working TCJ......... I wonder why? You don't suppose it's a little onerous do you?
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