Turkey’s central bank, banks discuss rates after lira tumble

Turkey’s central bank, banks discuss rates after lira tumble

The deals highlight the pivot towards economic partnership after a decade-long battle for regional influence. Turkey’s central bank, banks discuss rates after lira tumble Central Bank Governor Sahap Kavcioglu said after his meeting with top bankers and the country’s BDDK banking watchdog that the banking sector and all its actors ‘are very much in harmony’. Turkey’s central bank governor said he discussed recent interest rate cuts with bankers at a meeting on Thursday after a slide in the lira to record lows, and he also said that the banking sector was able to overcome market volatility. Turkey’s lira was flat on Thursday after a historic slide to all-time lows this week, triggered by President Tayyip Erdogan’s defence of interest rate cuts, despite widespread criticism of his policy direction. Governor Sahap …
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