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Erdogan Seemingly Backs CBRT Governor Amid Allegations

TURKEY
  • President Erdogan made an apparent show of support for the country’s economic leadership, following allegations against central bank Governor Hafize Gaye Erkan.
  • “They are starting campaigns with astonishing gossip that will disrupt the climate of trust and stability in our economy, which we achieved with great difficulty,” Bloomberg report Erdogan as saying in a speech in Ankara. He added that he would ignore the “campaigns,” without elaborating on their source or target.
  • The comments were perceived as a statement of support for the central bank governor (though he did not mention anyone by name). According to Ekonomi newspaper, a former central bank employee alleges that they were unfairly dismissed by Erkan's father. Erkan denies the allegations.
  • The show of support may suggest that Turkey's more-orthodox policy stance will continue.
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