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Turkish Central Bank Governor Hafize Gaye Erkan - 3 Hafize Gaye Erkan - 3 Erkan - 2 Tayyip Erdogan - 1 Fatih Karahan - 1 Erdogan - 1 Sozcu - 1 Erkan's - 1
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Ankara Turkey Turkey's Federal Reserve Bank of New York U.S
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Turkish Central Bank Governor - 3 Anadolu Agency - 1 Getty - 1 Official Gazette - 1 Turks - 1 Federal Reserve Bank of New - 1 Wall Street - 1

Search resuls for: "Turkish Central Bank Governor"


5 mentions found


☆ Turkey central bank chief quits, citing need to protect her family
  + stars: | 2024-02-03 | by ( ) www.cnbc.com   time to read: +3 min
Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023. Anadolu Agency | Anadolu Agency | Getty ImagesTurkey's central bank governor Hafize Gaye Erkan resigned on 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. The first woman to lead the central bank, Erkan was its fifth governor in as many years. Since then the central bank had hiked its key rate to 45% from 8.5%. Last month, opposition newspaper Sozcu published an article about a central bank employee who said she was wrongfully dismissed from the bank by Erkan's father.
Persons: Turkish Central Bank Governor Hafize Gaye Erkan, Hafize Gaye Erkan, Tayyip Erdogan, Erkan, Fatih Karahan, Erdogan, Sozcu, Erkan's Organizations: Turkish Central Bank Governor, Anadolu Agency, Getty, Official Gazette, Turks, Federal Reserve Bank of New Locations: Ankara, Turkey, Federal Reserve Bank of New York, U.S
☆ Turkey's central bank hikes key interest rate to 35%
  + stars: | 2023-10-26 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023. Turkey's central bank on Thursday hiked its key interest rate from 30% to 35%, in an ongoing bid to rein in inflation. The turnaround began in June, when Turkey's President Recep Tayyip Erdogan — who spearheaded the controversial policy stance — appointed former Wall Street banker Hafize Gaye Erkan as new central bank governor. The key interest rate has been hauled up from 8.5% since then, and economists argue it needs to go further. Inflation is forecast by the central bank to reach just over 60% by the end of 2023, while the Turkish lira has plummeted, making imports more expensive.
Persons: Turkish Central Bank Governor Hafize Gaye Erkan, Recep Tayyip Erdogan —, —, Hafize Gaye Erkan Organizations: Turkish Central Bank Governor, Reuters, Wall Street Locations: Ankara, Turkey, Turkey's
☆ Turkey's central bank says inflation is set to hit 58% — more than double its previous estimate
  + stars: | 2023-07-27 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023. Turkey's central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news conference Thursday, as she committed to "restore anchoring of expectations as well as predictability." The new forecast is more than double the 22.3% outlined in the central bank's last inflation report three months ago. This expectation was met later in the month, when the central bank almost doubled its key interest rate from 8.5% to 15%, its first hike since March 2021. In her press conference Thursday, Erkan said food inflation is expected to top 60% at the end of the year.
Persons: Turkish Central Bank Governor Hafize Gaye Erkan, Hafize Gaye Erkan, Erkan Organizations: Turkish Central Bank Governor Locations: Ankara, Turkey, Turkey's
☆ Analysis: In Turkey, an election reckoning for the rise and fall of Erdogan's economy
  + stars: | 2023-05-08 | by ( Jonathan Spicer | ) www.reuters.com   time to read: +8 min
The May 14 vote, which lands during the Turkish Republic's centenary year, is Erdogan's biggest test yet. At the same time, a global reversal in market liquidity left Turkey and other emerging markets starved for funding. But the economic crisis was damaging. This trend accelerated in 2013, wiping out big gains made in 2006-2010 during Erdogan's first decade in charge. "If Erdogan wins the election and continues his economic policy it will come to a complete crash at one point.
☆ Saudi Arabia deposits $5 bln in Turkey's central bank - statement
  + stars: | 2023-03-06 | by ( ) www.reuters.com   time to read: +1 min
DUBAI, March 6 (Reuters) - Saudi Arabia has signed an agreement with Turkey to deposit $5 billion in the country's central bank through the Saudi Fund for Development (SFD), the fund said on Monday. Saudi Minister of Finance Mohammed Bin Abdullah Al-Jadaan announced his country's intention to make the deposit in December. The Turkish central bank's net international reserves fell some $1.4 billion to $20.2 billion in the week to Feb. 24, data from the bank showed on Thursday. The Saudi deposit follows joint efforts by Ankara and Riyadh to mend ties that were ruptured after the murder of Saudi journalist Jamal Khashoggi in 2018 at the kingdom's consulate in Istanbul. The deposit was signed between SFD Chairman Ahmed Aqeel Al-Khateeb, who is also Saudi Arabia's tourism minister, and Turkish Central Bank Governor Sahap Kavcioglu, the SFD statement said.
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