ANKARA, Turkey - The new chief of Turkey's central bank, Fatih Karahan, has affirmed his commitment to combat inflation, signaling that the country's efforts to stabilize its economy will continue. Karahan, a former senior executive at Goldman Sachs, replaced Hafize Gaye Erkan, who resigned unexpectedly last week.
In his first public statement since assuming his new role, Karahan expressed optimism about the prospects of reducing inflation in Turkey. He stated that he expects inflation to significantly decrease throughout this year and the next. Karahan, along with Finance Minister Mehmet Simsek and their team, has been implementing measures such as interest rate hikes to address the country's economic challenges.
