Turkey's new central bank governor, formerly at Amazon and New York Fed, seen as a 'credible choice'
Publishing timestamp: 2024-02-05 11:51:30
Summary
Turkey's newly appointed central bank governor, Fatih Karahan, faces the challenge of tackling high inflation and a cost-of-living crisis. Investors and economists believe continuity in monetary policy priorities will be important for confidence in the new governor. However, the ultimate decision-maker on monetary policy remains Turkish President Recep Tayyip Erdogan, and the central bank lacks independence and adequate professional staffing. The previous governor, Hafize Gaye Erkan, resigned citing a "reputation assassination" campaign.
Sentiment: MIXED
Tickers: TRY=,
Keywords: prices, turkey, currency markets, government and politics, interest rates, business news, world economy, emerging markets, breaking news: economy, us dollar/turkish lira fx spot rate, politics, breaking news: politics, economy, inflation, central banking,
Source: https://www.cnbc.com/2024/02/05/turkeys-new-central-bank-governor-seen-as-a-credible-choice.html