Turkey's newly-appointed central bank governor Fatih on Sunday said that his team is determined to maintain tight monetary policy until inflation falls to levels consistent with their target. Karahan replaced Hafize Gaye Erkan on Saturday, hours after she resigned citing a need to protect her family amid a "reputation assassination".
I. Introduction
II. Central Bank's Announcement
III. Details of the Tight Monetary Policy
IV. Potential Effects on the Economy
V. Response from Economists and Experts
VI. Future Outlook
VII. Conclusion
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