Turkey sacks central bank governor after interest rate hike ...Kuwait

The dismissal of former finance minister Naci Agbal comes after the central bank sharply hiked its main interest rate on Thursday. Turkey fired the governor of its central bank and replaced him with economist and former ruling party lawmaker Sahap Kavcioglu, according to a presidential decree published late on Friday. Former finance minister Naci Agbal, seen as a market-friendly figure, had only been in the position since November, when he was appointed by President Recep Tayyip Erdogan as part of an overhaul of his economic team.Agbal's dismissal comes after the central bank on Thursday sharply hiked its main interest rate to 19 percent.Erdogan is a strong opponent of high interest rates a

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