Central Banks
Lagarde, Carstens Tell Turkey to Leave Central Bank Alone
- Lagarde says governments should let central bankers do jobs
- IMF chief says talks with Argentina ‘progressing well’
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Global finance chiefs urged Turkish President Recep Tayyip Erdogan to preserve the independence of his country’s central bank after confusion sent the lira plummeting.
The recent bout of mixed signals over whether the central bank is free of political interference created a sense of uncertainty among investors, putting the currency under pressure, International Monatary Fund Managing Director Christine Lagarde said in an interview with Bloomberg Television in St. Petersburg.