The new Turkish central bank governor is not planning an immediate change in monetary policy

Turkey’s new central bank governor, Shehab Koçioglu, said during a nearly 90-minute call with bankers on Sunday that he was not planning an immediate change in the bank’s policy.
Reuters quoted a source as saying that Gojioglu confirmed during the call that “any step will depend on inflation.”

Gojioglu, a former banker and outspoken critic of tightening monetary policy, was appointed on Saturday in a sudden change of leadership that prompted investors to predict a rapid rate cut and a falling lira today.

It is noteworthy that Turkish President Recep Tayyip Erdogan has sacked three central bank governors since 2019.

Source: “Reuters”