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Turkey’s central bank rocked by another leadership shake-up

Hafize Gaye Erkan’s exit reminds investors of late-night putsches against respected governors

Turkish central bank chief Hafize Gaye Erkan has quit just months into her tenure and been replaced by a deputy, the latest leadership shake-up at one of the country’s foremost economic institutions.

Erkan, who was appointed as the central bank’s first female governor in June and has since increased interest rates significantly, said she resigned as the result of a smear campaign against her. But for local and foreign investors, the saga has brought back memories of other late-night putsches against well-regarded central bank leaders.

Who will replace Erkan as central bank chief?

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