"Turkish Central Bank Chief Resigns Amid Controversy"

Turkey's central bank chief, Hafize Gaye Erkan, resigned abruptly, becoming the fifth to do so in five years, amid a long battle with high inflation, with annual inflation at about 65 percent. President Recep Tayyip Erdogan swiftly appointed Fatih Karahan as her replacement, emphasizing that the change did not signal a policy shift. Erkan's departure follows a shift in Turkey's economic program aimed at addressing the cost-of-living crisis, with the central bank repeatedly raising interest rates. Erdogan's unconventional policy of lowering interest rates had been reversed under Erkan's tenure, but she faced rumors and decided to step down to protect her family and infant child.