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Erdogan adviser says nobody should worry about Turkey central bank steps

Erdogan adviser says nobody should worry about Turkey central bank steps© Reuters. A money changer counts Turkish lira bills at an currency exchange office in central Istanbul, Turkey

ISTANBUL (Reuters) – The Turkish Central Bank is doing what is necessary on monetary policy and nobody should worry about the future steps it will take, one of President Tayyip Erdogan’s top economic advisers said on Friday.

Cemil Ertem told state broadcaster TRT Haber that exchange rates can be one factor in monetary policy but the central bank does not determine policies solely looking at forex rates. The lira hit record lows against the dollar this week and has weakened some 10 percent this year.

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Source: Investing.com

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