ISTANBUL: Turkiye’s central bank governor Hafize Gaye Erkan resigned last Friday, citing a need to protect her family amid a “reputation assassination”, and she was swiftly replaced by a deputy who is expected to carry on her tight policy stance.
President Tayyip Erdogan – who hired Erkan eight months ago to pivot away from years of inflation-fuelling low interest rates to a more orthodox policy – named deputy governor Fatih Karahan to take the reins, the Official Gazette said early last Saturday, two hours after the surprise resignation.
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