Turkey's Central Bank Chief Faces Housing Woes Amidst Soaring Inflation in Istanbul.

The new head of Turkey's central bank, Hafize Gaye Erkan, shares her struggle with Istanbul's skyrocketing property prices and inflation, prompting a move back to her parents' home. 

Turkey's central bank head, Hafize Gaye Erkan, revealed she's unable to afford a home in Istanbul due to rampant inflation.

 Forced to move in with her parents, Erkan, a former finance executive with experience at Goldman Sachs and First Republic Bank, expressed concern about soaring property prices in comparison to Manhattan.

 The Turkish government, under Tayyip Erdogan, aims to address economic challenges by weakening the lira and implementing rent caps. 

Erkan, overseeing a 40% benchmark lending rate increase, discussed monetary tightening measures to combat inflation, acknowledging their nearing conclusion in a recent statement.