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The Ankara representative for the Sabah newspaper Okan Müderrisoğlu, run by Berat Albayrak’s brother Serhat Albayrak, wrote an article criticizing the Central Bank Naci Ağbal.
While it was claimed that Berat Albayrak had resigned due to Naci Ağbal’s appointment to the Central Bank, the Müderrisoğlu article published in the Sabah newspaper drew attention.
Müderrisoğlu, in his article entitled “Naci Bey … Goodwill … Attention”, yesterday discussed the statement “Monetary and exchange policy for 2021”. Müderrisoğlu, “Targeting some academics and former Central Bank employees who may manipulate foreign investors may not give the results they expected in terms of Mayor Ağbal’s image when these names are read.” said.
Here is the relevant part of the article:
“The Governor of the Central Bank, Naci Ağbal, announced yesterday the framework of the ‘Monetary and Exchange Policy for 2021’. President of the narrative, the vision of the future of the Turkish economy and the process was indicative in terms of management. At this point, it is useful to interpret Ağbal’s approach and focus in the context of market relations and aspects that require fine tuning.
Yes…
– Avid target of price stability,
– surveillance of financial stability and macroeconomic objectives,
– Simplicity in monetary policy tools,
-Transparency and predictability,
-The reserve accumulation program is important and necessary.
In this sense, the intention and effort of the President deserve all the points. However, when we look at the other side of the coin …
I did not forget it!
The purpose and function of the market may not always coincide with the objectives and expectations of economic management.
Adopting a market-friendly attitude does not necessarily mean that markets will rationally act in the same way.
Targeting some academics and former Central Bank employees who may manipulate foreign investors in particular may not give the expected results in terms of the image of President Ağbal, when these names are read.
Saying ‘we can opt for a monetary tightening if necessary’ may find the reflection of ‘we can test this issue if necessary’ in the markets.
And finally …
The market looks like ‘I’ll take what I get’. Why is that? Because ‘the signs of the secret nature known to all may bend and twist’.
Odatv.com
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