Turkish Central Bank Chief Resigns After 8 Months Amid Inflation Crisis, 5th Such Departure in 5 Years

• Turkey's central bank chief, Hafize Gaye Erkan, abruptly resigned after 8 months in the role • She was the 5th central bank chief appointed by President Erdogan in 5 years • Her resignation came amid a yearslong inflation crisis, with prices up 65% annually • Erdogan swiftly replaced her with deputy governor Fatih Karahan, a PhD economist • The government said the change did not signal a policy shift, despite past unorthodox policies