Turkey: Turkey’s central bank back on course

After weeks of confusion, Turkey’s central bank has a new governor. Analysts hope he will preserve the largely successful policies of the outgoing chairman. Durmus Yilmaz has been appointed to replace Sureyya Serdengecti, who retired on March 14 after five years in charge. The appointment follows weeks of uncertainty after staunchly secularist president Ahmet Necdet Sezer turned down the AKP government’s initial suggestion of Adnan Buyukdeniz, chief executive of Albaraka Turk, an Islamic bank.