Başçı appointed as Turkey’s ambassador to OECD
Former Turkey Central Bank Governor Erdem Başçı (L) and New Turkey Central Bank Governor Murat Çetinkaya (R) pose as the hold a plate during a hand over ceremony with (not seen) in Ankara, on April 19, 2016. AFP photoFormer Turkish Central Bank Gov. Erdem Başçı has been formally appointed as Turkey’s ambassador to the Organization for Economic Co-operation and Development (OECD).
His appointment, which was earlier announced by outgoing Prime Minister Ahmet Davutoğlu, was formally published in the Official Gazette on May 20.
Murat Çetinkaya took over Başçı’s post as head of the lender on April 19.
The bank’s monetary policy, particularly its interest rate policy, was criticized by several circles during Başçı’s term amid a rising trend in the inflation rate and pressure over emerging markets due to an expected rate hike by the U.S. Federal Reserve (Fed).