As expected, Hafize Gaye Erkan was appointed as the head of the Central Bank.
The head of the Central Bank of the Republic of Türkiye has changed. Hafize Gaye Erken took over from Şahap Kavcoğlu.
Hafize Gaye Erkan Becomes the Chairman of the CBRT
The head of the Central Bank of the Republic of Turkey has been determined by a decree published in the Official Gazette. Hafize Gaye Erkan was appointed as the Chairman of the Central Bank. Şahap Kavcıoğlu will take over the BRSA chairmanship.
Hafize Gaye Erkan was appointed as the President of the Central Bank of the Republic of Turkey (CBRT) by presidential decree. Hafize Gaye Erkan became the first female president of the CBRT. Şahap Kavcıoğlu, the former Chairman of the Central Bank, was appointed as the Chairman of the BRSA.
The appointment to the Central Bank of the Republic of Turkey was made by Presidential Decree. The decree was published in the Official Gazette. Hafize Gaye Erkan, who took over the chair, had a meeting with Mehmet Şimşek, the Minister of Treasury and Finance, in the past period.
With the change of the Head of the Ministry of Finance, institutions around the world foresee a rational interest rate increase in Turkey. Some institutions expect the Central Bank to increase the interest rate, which will be announced on June 22, to the band of 15 and some to the band of 20. However, the interest rate decision is carefully followed by many institutions.
