Tag: Central Bank of Turkiye

HP News
Turkiye’s Central Bank raises interest rates to 42.5% to combat high inflation

A return to orthodox fiscal policies in Turkiye has seen a steep rise in interest rates as the Turkish government and Central Bank seek to check rampant inflation. On Thursday, as expected, the Central Bank announced a rise in interest rates – the seventh consecutive monthly increase. The 250 basis points means interest rates now […]

Can the Central Bank of Turkiye’s first female governor, Hafize Gaye Erkan, tame the country’s rampant inflation?

Last month, Turkiye’s President Recep Tayyip Erdoğan made history when he appointed Hafize Gaye Erkan as the governor of the Central Bank of Turkiye – the first ever woman to head the 93-year-old financial institution. Erkan enters the financial fray in her motherland armed with an impressive biography as she bids to find the optimum […]