Posted 12/16/2023, 1:08:00 PM
New Turkish Central Bank Chief Moves in with Parents, Cites Manhattan-Level Housing Costs Amid 61% Inflation
- New Turkish central bank chief Hafize Gaye Erkan has moved in with her parents due to Istanbul's expensive housing market
- Erkan previously worked at Goldman Sachs and First Republic Bank in the US for 20 years
- Istanbul housing now possibly more expensive than Manhattan according to Erkan
- Year-over-year inflation was 61% in November in Turkey
- Central bank raised benchmark lending rates to 40% last month to control inflation