Turkey removes Central Bank governor, appoints deputy

Turkey removed Murat Cetinkaya as Central Bank governor early Saturday and replaced him with the bank's deputy governor, Murat Uysal, according to a presidential decree published in the Official Gazette.

According to a Central Bank statement, 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 bank's targets.

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

Source: Anadolu Agency