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Türkiye's President appoints 3 central bank deputy governors, boosting bonds

Recep Tayyip Erdogan, President of Türkiye

© APA | Recep Tayyip Erdogan, President of Türkiye

# 28 July 2023 15:28 (UTC +04:00)

President Recep Tayyip Erdogan on Friday named three deputy governors to the central bank, boosting Türkiye's international government bonds, APA reports citing Reuters.

The appointment of Osman Cevdet Akcay, Fatih Karahan and Hatice Karahan, announced in the country's official gazette, came a day after the bank vowed to continue gradual monetary tightening and raised its end-2023 inflation forecast.

Fatih Karahan, who has a University of Pennsylvania economics PhD, worked as an economist at the Federal Reserve Bank of New York for almost a decade and most recently worked for Amazon as a principal economist, the central bank said.

Akcay is an economist who used to work at Turkish lender Yapi Kredi and has a PhD from the City University of New York. Hatice Karahan, with an economics PhD From Syracuse University, is an academic and a chief economic adviser to Erdogan.

 

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