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Fitch downgrades Turkey after dismissal of central bank chief

armenpress.am07/13th/2019, 7:42

Fitch downgrades Turkey after dismissal of central bank chief

Ratings agency Fitch downgraded Turkey’s sovereign rating to “BB-“ on Friday, saying the dismissal of its central bank governor heightens doubts over the authorities’ tolerance for a period of sustained below-trend growth, Reuters reported.

Governor Murat Cetinkaya was sacked on July 6 and President Tayyip Erdogan said he had dismissed him because Cetinkaya failed to follow instructions on interes...

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