From Yahoo Finance: 2025-03-23 11:21:00

Turkish central bank officials met with commercial lenders to discuss potential market volatility following the arrest of a key opposition politician. The meeting aimed to address recent selloffs in Turkish markets, with the lira, stocks, and debt experiencing significant declines. The central bank has implemented measures to tighten financial conditions, including raising interest rates and suspending lending at benchmark rates. Treasury and Finance Minister Mehmet Simsek assured banks of using all available tools to mitigate market volatility. The arrest of Istanbul’s mayor, Ekrem Imamoglu, has raised concerns about economic policies in Turkey, leading to increased coordination between banks and the central bank.



Read more at Yahoo Finance: Turkish Central Bank, Lenders Meet Before Markets Open