A statement came from the new President Fatih Karahan... After Hafize Gaye Erkan's resignation statement on social media, all eyes were on the Central Bank of the Republic of Turkey.
With the decree signed by President Recep Tayyip Erdoğan, Erkan was replaced by Dr. It was announced that Fatih Karahan was appointed. While discussing how the world and Turkish economy Hafize Gaye Erkan's resignation will affect the markets and the upcoming period, Dr. Karahan made his first statement.
Here is that explanation
“With the Presidential Decree published in the Official Gazette dated February 3, 2024 and numbered 32449, Dr. who has been serving as Vice President since July 28, 2023, was appointed as the President of the Central Bank of the Republic of Turkey. Fatih Karahan was appointed. Governor Fatih Karahan made the following evaluations after his appointment: “The main purpose and priority of our Central Bank is to ensure price stability. In this regard, we continue our efforts to ensure disinflation with determination with our strong team. We are determined to maintain the necessary monetary tightness until inflation declines to levels compatible with our target. We closely follow inflation expectations and pricing behavior. "We will definitely not allow any deterioration in the inflation outlook," Dr. Karahan will hold an information meeting at the Central Bank of the Republic of Turkey Administration Center on Thursday, February 2024, at 8, for the purpose of introducing the first Inflation Report of 10.30.
