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Economy

Turkey's revolving door of central bank chiefs whipsaws markets

Investors doubt Erdogan's will to fight inflation while public questions data reliability

ISTANBUL -- Financial markets in Turkey and beyond have been whipsawed by President Recep Tayyip Erdogan's firing of three central bank governors and four statistical institute chiefs since 2019.

The revolving door has led investors to doubt the commitment of economic leaders to fight soaring inflation -- an issue that has dogged the nation's economy for decades -- and the public to question the reliability of the country's economic data.

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