NewStats: 3,265,556 , 8,187,209 topics. Date: Sunday, 15 June 2025 at 06:12 PM 1l3e2r

The new head of Turkey’s central bank said she has been priced out of Istanbul’s property market by rampant inflation, leaving no choice for the former finance executive but to move back in with her parents.

“We haven’t found a home in Istanbul. It’s terribly expensive. We’ve moved in with my parents,” 44-year-old Hafize Gaye Erkan, who took up her post in June after two decades in the United States, told the Hurriyet newspaper.

Erkan previously worked at firms including Goldman Sachs and First Republic Bank — and is now getting a crash course in the soaring prices that have seen many young people struggling to find lodgings.

“Is it possible that Istanbul has gotten more expensive than Manhattan?” she said.

Year-on-year inflation stood at 61 percent in November as President Recep Tayyip Erdogan has allowed the lira currency to weaken while promising that a new team of economists with Wall Street experience would tackle years of economic crisis.

To quell growing anger, officials also capped rent increases at 25 percent — though experts say that has only amplified the housing tensions, as owners try to push out occupants, sometimes fraudulently, in order to set new and higher rents.

The central bank last month pushed up benchmark lending rates to 40 percent in a bid to get inflation under control.

“We’re nearing the end of our monetary tightening measures,” Erkan told the paper.

https://www.channelstv.com/2023/12/16/inflation-forces-turkeys-central-bank-chief-to-move-in-with-parents/

Nigerian inflation hit 28.2% in November while that of Turkey is at 66%. https://dailynigerian.com/nigeria-inflation-rate-hits-7/

Economists please can you help? Are we better than them or they are better than us?

SEE ALSO: A Sure Way To Turn Inflation On Its Head And Make It Work For You

https://medium.com/@rartalks.christ/a-sure-way-to-turn-inflation-on-its-head-and-make-it-work-for-you-35f96e7a9a1b

I'm dedicating this FTC to Victor Osimhen.

This can never happen in Nigeria. Imagine a whole CBN governor going back to her parent house just because of price of apartment in the city.

Good

Don't even compare

Sapa na sapa

E dey everywhere
Na worldwide issue na

This is not possible to ever happen in Nigeria... Where a local government chairman is driving. 160million naira car ... Haha 😂😂😂

Our mumu dey reign!!!!

Dey play

For this our dear obodo Naija living with your parents after a certain age is equated to failure. Well me I just de laugh some people wey de force themselves to be adult sha. Imagine all the rent money you can save up and focus you can practice staying under your parents especially if they own the house you live in.

She's not serious

Wahala wahala

Idiots will start giving excuses for their suffering.

Story, just public awareness move.
She's just telling the masses "if e rough for you, go back your papa house"

It's temporary and not permanent so no big deal😎👍

Country wey serious.

If na Ebola Tinubu, him go just carry the whole money wey remain inside the central bank vault enter his house

Useless criminal

Country where I come from, the executive would rather have all the money to him/herself than go live for some few weeks with the parents. In my country, inflation makes the rich, richer and the poor, poorer. It doesn't set any balance.

Story.


Doesn't add up.

People with a simple way of life.

Here in Nigeria, we do everything to pepper others even at our own detriment.

Agbados would attempt to draw a parallel between the inflation in Turkey and Nigeria inflation just to back the mandate bandit.

APC miscreant will used this as a defense for the Ebola uselessness

Make that CBN governor move in with me, na shege banza I go show am😡

Dey Play my fans . Just dey play central bank governor

Na dis kain news from abroad Dem go dey post to their total failure

Oya, make CBN gomina or minister for finance move come Bariga or fadeyi lasan

E go hear am

#Enikuure

Lol…this can never happen in Nigeria…Africa sef

Some countries left the group chat, sharp sharp

Inflation in Turkey? I thought Inflation exist only in Nigeria, if what some imbeciles are saying is anything to go by.

nlfpmod:


https://www.channelstv.com/2023/12/16/inflation-forces-turkeys-central-bank-chief-to-move-in-with-parents/

She needs to meet Emefiele for training on how to survive on a job