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While Central Bank Governor Kavcıoğlu, in a press briefing on January 27, announced the 2022 year-end inflation forecast as 23.2 percent, Minister of Treasury and Finance Nebati said a day before: “Inflation will be around 40 percent for some time.”

According to the Turkish Statistical Institute (TurkStat), Turkey’s annual inflation rate was 36.08 percent in December 2021. The Inflation Research Group (ENAG), on the other hand, estimated the same rate as 82.81 percent.

The dismissals came after the president's meeting with the Central Bank governor. The US dollar hit an all-time high against the Turkish lira.

Turkey’s Central Bank Governor Kavcıoğlu has said that the bank will continue to set the policy rate at a level above inflation, preserving the strong disinflationary effect, until there are strong indicators that point to a permanent fall in inflation.

Stepping back from the lower interest rate policy, Ağbal has been dismissed only four-and-a-half months after his appointment.

Concerning his statement that “No academic, politician or journalists who signed this petition would be granted right to live by any country, leave alone sending them to prison” addressing the Peace Declaration signatory academics, AKP’s Kavcıoğlu has said his words were twisted.

Referring the academics who signed the peace declaration, AKP’s Kavcıoğlu has said, “No academic, politician or journalists who signed this petition would be granted right to live by any country, leave alone sending them to prison”.