The Latest: Turkish central bank cuts key interest rate

ISTANBUL (AP) — The Latest on the attempted military coup in Turkey (all times local):

2:20 p.m.

Turkey’s central bank has cut a key interest rate to help shore up the economy, days after an attempted coup.

In a statement Tuesday, the bank’s Monetary Policy Committee said it has reduced its overnight marginal funding rate from 9 percent to 8.75 percent. All other interest rates were left unchanged.

The cut in the marginal rate is intended to shore up liquidity in the economy amid market concerns over the impact of Friday’s attempted coup.

Though the rate-setting body didn’t mention the coup directly, it said recent measures “have increased the resilience of the economy against shocks.”

Turkish financial markets have been volatile since the coup. Despite a modest rally Tuesday, Turkish stocks are still way down from pre-coup levels, as is the Turkish lira.


2:15 p.m.

The U.N. human rights chief is expressing alarm about the mass suspension or removals of judges in Turkey after a failed military coup and is calling on its leaders to strengthen democratic institutions.

Zeid Ra’ad al-Hussein also decried comments from some officials that the death penalty could be reinstated, saying such a move would be “a big step in the wrong direction” and violate Turkey’s responsibilities under international law.

In a statement Tuesday, Zeid praised Turks who “bravely took to the streets to defend their country,” and urged authorities to respect “fair trial standards” for those responsible for Friday’s failed coup.

He said it is “particularly crucial to ensure that human rights are not squandered in the name of security and in the rush to punish those perceived to be responsible.”


2:10 p.m.

Turkey’s military command has declared that all elements responsible for Friday night’s attempted coup have been neutralized.

In a written statement released Tuesday morning, the Office of the General Staff announced that all terrorist elements had been suppressed nationwide as of 4 p.m. Sunday.

The statement noted that between the political leadership, the heroism of the loyal security forces and the bravery of the public, “the necessary response had been given to the snakes in our midst.”

According to official figures from the prime minister’s office, Friday night’s coup attempt resulted in 232 deaths and 1,541 wounded.


2:05 p.m.

The state-run Anadolu news agency reports that President Recep Tayyip Erdogan’s Air Force adviser, Lt. Col. Erkan Kivrak, has been detained at a hotel in the Serik district of Turkey’s southern province of Antalya.

It says Kivrak was detained while on vacation. Following processing by the Antalya police, he has been transferred to Ankara.

No details were given as to the reason for the detention, though dozens of senior military personnel have been put under arrest for alleged involvement in Friday’s thwarted coup.


10:30 a.m.

Turkey’s state-run news agency says courts have ordered 85 generals and admirals jailed pending trial over their roles in a botched coup attempt. Dozens of others were still being questioned.

Anadolu Agency said Tuesday that those formally arrested include former air force commander Gen. Akin Ozturk, alleged to be the ringleader of the July 15 uprising, and Gen. Adem Hududi, commander of Turkey’s 2nd Army, which is charge of countering possible threats to Turkey from Syria, Iran and Iraq.

Authorities have rounded up thousands alleged to have been involved in the coup, in which 208 government supporters and 24 coup plotters. The government says a U.S.-based Muslim cleric was behind the coup.

Thousands of officials suspected of links to him were purged from the judiciary and the Interior Ministry.