New Turkish central bank governor seen as a 'credible option'

Newly appointed Turkish Central Bank Governor Fatih Karahan in Ankara, Turkey on February 4, 2024.

Amin Sensar | Anatolia | Getty Images

Turkey's newly appointed Central Bank Governor, Fatih Karahan, faces a difficult task, as he was appointed to the position by a presidential decree issued at the weekend following the surprise resignation of his predecessor, Hafiz Gay Erkan.

Previously, Karahan was deputy governor of the central bank, and the biography highlights his years at prominent US institutions and companies. He earned master's and doctoral degrees in economics from the University of Pennsylvania, spent nearly a decade as an economist at the Federal Reserve Bank of New York, and served as a part-time lecturer at Columbia University and New York University. Senior Economist at Amazon.

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