Erdogan appoints Hafize Gaye Erkan as governor of Turkiye’s central bank ...Saudi Arabia

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ANKARA: As part of recently re-elected Turkish President Recep Tayyip Erdogan’s attempts to overhaul his economic team, the country’s central bank will be governed by a female executive for the first time. US-based Hafize Gaye Erkan, 41, is Turkiye’s fifth central bank chief in four years, replacing Sahap Kavcioglu, who followed a policy of slashing interest rates despite rising inflation of around 40 percent. Kavcioglu has now been appointed head of the Banking Regulatory and Supervision Agency (BDDK).

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