"Turkish Central Bank Chief Resigns, Successor Named"

Turkey's central bank governor Hafize Gaye Erkan resigned, citing a need to protect her family amid a "reputation assassination", and was swiftly replaced by Deputy Governor Fatih Karahan. Erkan's aggressive interest rate hikes had begun cooling inflation expectations, but her resignation raised concerns about the continuity of the economic program. However, assurances from cabinet leaders relieved some concerns, and the new governor is expected to carry on the tight policy stance.