Under what criteria did such analysts conclude that Semih Tumen will replace kavcioglu?Turkish lira swings on rumours of new central bank firing
Currency rebounds as Erdogan’s administration denies reports that it would sack Sahap Kavciogluwww.ft.com
Financial Times.
"Yet some analysts and market participants have speculated in recent weeks that Kavcioglu could be replaced by Semih Tumen, a former central bank official who returned to the institution in May as a deputy governor."
Probably"A senior Turkish banker played down the prospect that Tumen, who has a PhD in economics from the University of Chicago, would take over. “If [a change of governor] happens, [the replacement] will be somebody who is much more obedient and stupid.”
Though I would doubt he would be fired
I think I can understand RTE plan to a digree. Lower the lira, increase investments, reduce unemployment, increase exports, reduce trade deficit, gain more market shares worldwide, increase foreign reserves and increase Turkey's geopolitical significance
It is somewhat going alomg those lines...... I guess?
Not saying that it is good though! I do have criticisements to such plans
So why would kavciouglu be fired when he is literally doing what RTE wants? I still dont understand