> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Turkey Appoints Fatih Karahan as Central Bank Governor, Succeeding Hafize Gaye Erkan
- URL: https://www.theglobalbanker.com/turkey-fatih-karahan-appointed-central-bank-governor-succeeds-erkan/
- Published: 2024-02-03T13:04:00.000Z
- Updated: 2026-10-02T12:53:30.000Z
- Description: Fatih Karahan took office as Governor of the Central Bank of Turkey on 3 February 2024, replacing Hafize Gaye Erkan who resigned after less than a year.
- Author: TGB Editorial Team
- Tags: Executive Moves, Europe, #archive

Fatih Karahan was appointed Governor of the Central Bank of the Republic of Turkey with effect from 3 February 2024, after Hafize Gaye Erkan resigned from the position having served for less than a year.

Karahan, born in 1982, holds a doctorate in economics from the University of Pennsylvania and had served as a deputy governor of the central bank since July 2023\. Before that he worked as an economist at Amazon and, for a decade, at the Federal Reserve Bank of New York. 

#### ERKAN'S TENURE

Hafize Gaye Erkan had been appointed in June 2023, after national elections. Her tenure coincided with the launch of a tightening cycle. 

Her resignation came days after the central bank raised its policy rate to 45% and signalled that the tightening cycle was complete. The Turkish authorities moved quickly to name Karahan as successor.

#### POLICY BACKDROP

Karahan assumes the governorship with the policy rate at 45% and annual inflation above the central bank's medium-term targets.