Turkish central bank 長,指導者 tries to sidestep Erdogan 圧力

By Asli Kandemir and Nick Tattersall

ISTANBUL, March 9 (Reuters) - Turkish Central Bank 知事 Erdem Basci, a 技術家出身の管理職者 reluctantly thrust into a 引き分け with 大統領 Tayyip Erdogan, appears to believe he will 結局 ride out the 嵐/襲撃する.

In his shoes, many bank 長,指導者s might already have やめる. Erdogan's relentless 需要・要求するs for 詐欺師 利益/興味 率 削減(する)s, his 主張 that the bank is under outside 影響(力), and his equating of high 率s with 背信 have left Basci struggling to 回復する 投資家s' 信用/信任.

Yet those の近くに to the former professor - who is 尊敬(する)・点d on 財政上の markets for his 命令(する) of 経済的な theory - say he is 楽観的な that Erdogan's rhetoric is little more than 人民党員 theatre before a 議会の 選挙 in June.

While 気が進まない to talk politics even in 私的な, Basci has made (疑いを)晴らす he does not 計画(する) to stand 負かす/撃墜する, 説 last month that a public 義務 must be 成し遂げるd for the 十分な period in which it is 割り当てるd.

経済成長, a 中心存在 of the 判決,裁定 AK Party's 選挙(人)の strength over the past 10年間, is flagging. 産業の 生産/産物 fell more than two パーセント in January, data showed on Monday, 追加するing 負わせる to Erdogan's 事例/患者 against Basci.

"He is cornered," said Selin Sayek Boke, 副 chairwoman of the main 対立 CHP, who, like Basci, taught 経済的なs at Ankara's Bilkent University. "If he 辞職するs he is going to be 非難するd for bringing ha voc to the 財政上の markets. If he does not 辞職する, he will be 非難するd (for 立ち往生させるing growth)."

A 会合 推定する/予想するd in the coming days between Basci, Erdogan, 総理大臣 Ahmet Davutoglu and 副 総理大臣 Ali Babacan, in 告発(する),告訴(する)/料金 of the economy and a の近くに Basci 同盟(する), could be 決定的な.

When the central bank lowered its main 率 in January to 7.75 パーセント, 政府 大臣s すぐに said the 50 basis point 削減(する) was not enough to support growth.

But with the リラ 宙返り/暴落するing to 記録,記録的な/記録する lows last week and インフレーション stubbornly above 的, Basci is likely to try to 説得する Erdogan of the need to keep 通貨の 政策 tight.

"I think Basci is living under an illusion. He's still not 辞職するing. He's assuming Erdogan can be 説得するd and the 緊張 can be 緩和するd after the 議会の 選挙," said one source familiar with the thinking inside the central bank.

Others in the 会・原則 恐れる Erdogan's 声明s will only 強める and "spin out of 支配(する)/統制する".

"(Some) think this is a political manoeuvre by which Erdogan 目的(とする)s to put the 非難する for the 悪化/低下 in growth and rising インフレーション on somebody else, and (人命などを)奪う,主張する that the economy got worse because they didn't listen to him," the source said.

"CREATIVE TECHNICIAN"

Basci's 運命/宿命 is seen as closely tied to that of Babacan, a 最高の,を越す 人物/姿/数字 in Turkey's 経済的な 管理/経営 team for more than a 10年間 and 尊敬(する)・点d by foreign 投資家s.

The two were childhood friends, their fathers both small 商売/仕事 owners in Cikrikcilar, a neighbourhood of artisanal workshops and 仲買人s in Ankara's old town. They went on to 熟考する/考慮する together at the city's Middle East Technical University.

"Basci is a smart man who's 井戸/弁護士席 aware of what's going on. But the 推論する/理由 he's remaining in office is his personal relations with Babacan," said Ugur Gurses, a former central 銀行業者 and newspaper columnist.

"He thinks that Babacan will have to 耐える the consequences of his 辞職 and he's resisting until the end to 避ける this," he told Reuters.

Unable to raise 率s because of the political 圧力, Basci has been trying to support the リラ by other means, on Monday cutting forex deposit 率s, the bank's third 支援する-door 試みる/企てる since last week to 支え(る) up the 通貨.

"(Basci) has been a creative 専門家技術者 ... He tried to please the markets together with the 政治家,政治屋s," said the CHP's Boke.

His 手渡すs had been tied, she said, by the 政府's 失敗 to 請け負う 構造上の 改革(する)s to 減ずる a large 経常収支 赤字 that has left Turkey 扶養家族 on volatile 外資 flows.

"If they want to 避ける the 価値低下 they're going to have to 引き上げ(る) 利益/興味 率s ... We're an open economy, we 港/避難所't 解決するd our 構造上の 問題/発行するs and 明確に we need foreign 財政/金融ing," Boke said.

Davutoglu and Babacan spent much of last week in New York, trying to trying to 安心させる 投資家s that the 見通し for Turkey was 有望な にもかかわらず the 列/漕ぐ/騒動 over 通貨の 政策.

One bank strategist 簡潔な/要約するd by 同僚s said the 代表 had 強調d that there would be no "積極的な 改造(する)" of the 経済的な team before June.

But after the 選挙, things will be いっそう少なく 確かな , 特に if Erdogan 追求するs his 戦う/戦い against the "Cemaat" 網状組織 of U.S.-based 聖職者の Fethullah Gulen, an 同盟(する)-turned-敵 whom he 告発する/非難するs of plotting against him through 影響(力) in 明言する/公表する 会・原則s.

"The central bank and the 財務省 are the last 要塞s of the Cemaat. A かなりの number of people think Basci remains in office 予定 to their support," said the source familiar with central bank thinking.

"What 肉親,親類d of steps will be taken for these 会・原則s will be (疑いを)晴らす after the 選挙s." (付加 報告(する)/憶測ing by Sujata Rao in London; editing by David Stamp)

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