Pressed by Erdogan, the bank has slashed its key rate to 9% from 19% since September 2021, setting off a currency crash late that year and sending inflation soaring to a 24-year peak above 85% in October of 2022.
An anti-Erdogan political alliance has pledged to roll back his unorthodox economic policies should they win the presidential and parliamentary elections. Some analysts think Erdogan will also reverse course if he wins.
"The idea that the president will raise rates is no longer
possible," Nebati was quoted as saying, adding policy would stay
the course "as long as I am here."
"Our president will not compromise on this," Bloomberg
quoted him as saying late on Wednesday in an article published
Thursday.
(Writing by Jonathan Spicer; Editing by Alex Richardson)
@jonathanspicer))
