Economists predict that the Turkish central bank will keep its key interest rate unchanged at 45% on Thursday, but the tone of the new central bank governor, Karahan, will be more hawkish than his predecessor, according to Jinshi. Karahan took over an economy where domestic demand is still fueling inflationary pressures, making price growth expected to peak at more than 70% in a few months. While Karahan retains the option of raising interest rates if the inflation outlook worsens, he may now turn to alternative tools and regulation, partly to absorb excess lira liquidity. Possible measures to tighten financial conditions include raising reserve requirements or issuing liquidity bills.