土耳其里拉（TRY）在中央銀行行長埃爾坎辭職的壓力下受到影響-彭博社

Turkey’s commitment to orthodox economic policies that made it an investor favorite will be put to the test after central bank governor Hafize Gaye Erkan resigned on Friday.

While the resignation did not come as a shock — pressure has been building for weeks amid local media reports on allegations that her family was involved in the central bank’s affairs — the lira weakened on the news. It dropped as much as 0.8% versus the dollar before paring losses, and was on track to the weakest level on record.

閲讀更多： 土耳其央行行長突然辭職，政策轉向

Erkan had been appointed in June, along with Treasury and Finance Minister Mehmet Simsek, to lead an investor-friendly overhaul of Turkey’s economic policies. That included raising interest rates aggressively and letting the currency trade more freely in an effort to attract foreign investment. Simsek said the economic program will continue without disruption, and initial investor reaction suggests they largely expect continuity, though not without some volatility.

Brad Bechtel, global head of foreign exchange at Jefferies

• “她辭職並不完全令人震驚，因為在當地媒體報道指控她的家人涉及央行事務的壓力持續數週，而且里拉在這一消息傳出後出現了疲軟。對美元匯率下跌了多達0.8%，然後減少了損失，並且正朝着創紀錄的最低水平發展。”
• “我預計央行將繼續努力維護其信譽並堅持目前的道路”

Jack McIntyre, portfolio manager at Brandywine Global Investment Management

• 央行承諾保持政策利率高，甚至進一步提高利率，“以遏制通貨膨脹”是關鍵
• “仍然覺得土耳其需要更多經濟痛苦，才會重新投資於他們的本地債券”

奧倫·巴拉克，紐約安聯全球合夥人固定收益部門董事總經理

• “埃爾多安擁有重大控制權，辭職很可能是總統和央行行長之間分歧的跡象”
• “我們可以預期土耳其里拉和債券價格會更加波動”
  • 這些“在短期和中期內相當負面”

帕特里克·埃斯特魯拉斯，邁阿密EMSO資產管理研究主管

• “我認為貨幣政策不太可能出現轉變”
  • 辛謝克“繼續對所有經濟政策槓桿擁有廣泛控制，得到總統埃爾多安的廣泛支持，並有望任命一位可靠的人來接替她”
• “埃爾坎因個人原因提交了辭呈，並與她的政策選擇無關”

尼克·施塔德米勒，紐約美德利全球顧問產品主管

• “我懷疑這些變化對貨幣政策的走向會產生多大影響”
• “加息週期已經結束，我無法想象新行長會考慮進一步提高利率。唯一的問題是總統會允許政策保持如此嚴格多久
  • 預計央行“將面臨壓力，從今年夏天開始放鬆政策 - 這可能在政治上是方便的，但對政策的可信度來説將是一場災難”
• “投資者可能會樂見央行迎來一位不帶有如此多個人包袱的新面孔”