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. Year-on-year inflation stood at 61 percent in November as President Recep Tayyip Erdogan has allowed the lira currency…
Read MoreInflation Forces Turkey’s Central Bank Chief To Move In With Parents
