President Erdoğan appoints Ozkul and Kara as central bank deputies

President Recep Tayyip Erdoğan has named two new deputy governors to the Central Bank of the Republic of Türkiye (CBRT), according to a presidential decree published in the Official Gazette early Tuesday. The appointments introduce fresh leadership to the bank's senior management team.

Profile of the Appointees

One of the new deputies, Fatma Ozkul, moves into the role from her previous position as a member of the bank's critical Monetary Policy Committee (MPC), bringing direct experience in the institution's recent decision-making processes. She is joined by Gazi Ishak Kara, whose appointment adds a new member to the bank's executive leadership.

Formal Procedure and Context

The announcement was made through the official state publication, the Official Gazette, which records all major government decrees and legal notifications. Such high-level appointments to the central bank are made directly by the President of Türkiye, underscoring the strategic importance of the institution in managing the country's monetary policy and financial stability.

Institutional Significance

The Central Bank of the Republic of Türkiye is the primary authority responsible for implementing monetary and exchange rate policy, with the goal of achieving and maintaining price stability. Changes to its deputy governor roster are closely watched by financial markets for signals regarding the direction of future economic policy.