"Turkish Central Bank Chief Resigns, Successor Appointed Amid Economic Policy Continuity"

1 min read
Source: Hurriyet Daily News
"Turkish Central Bank Chief Resigns, Successor Appointed Amid Economic Policy Continuity"
Photo: Hurriyet Daily News
TL;DR Summary

Turkey's economic program will continue after the resignation of the country's first female Central Bank governor, Hafize Gaye Erkan, with former Federal Reserve Bank of New York economist Fatih Karahan appointed as her replacement. Top government officials have expressed confidence in the economic team and program, emphasizing a commitment to implementing disinflation measures and achieving price stability. Karahan is expected to present the bank's quarterly inflation report on Feb. 8, with analysts anticipating a continuation of conventional monetary policy prioritizing inflation.

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