Erdogan Appoints New Central Bank Chief After Predecessor's Resignation Over Scandal

• Erdogan appointed Fatih Karahan, a former senior economist at Amazon, as the new head of Turkey's central bank • Karahan replaces Hafize Gaye Erkan, who resigned after less than a year over a media scandal involving her family • Erkan was credited with stabilizing Turkey's economy through interest rate hikes to tackle inflation • Finance Minister Mehmet Simsek said economic policies will continue and Turkey will pursue its price stability target • Analysts say Erkan's resignation was over a scandal and will not negatively impact economic policy