Erdogan Appoints New Central Bank Governor, Signaling Potential End to Unconventional Policies

Erdogan Appoints New Central Bank Governor, Signaling Potential End to Unconventional Policies
Photo by Ibrahim Boran on Unsplash

Turkish President Recep Tayyip Erdogan named Hafize Gaye Erkan, a former co-chief executive officer of First Republic Bank, as his new monetary chief, a move that may mark the end of ultra-low interest rates and constant government interventions to prop up the lira.

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