Free Trial

CBRT Chief Meets Banking Regulator & Lenders, Opposition Boost Early Election Calls

TURKEY

LOCAL NEWS

  • CBRT Chief Kavcioglu set to meet commercial lenders and the banking regulator this afternoon following a number of days of lira volatility to discuss developments in the economy
  • CHP leader vows to press Erdogan for early elections, saying he will do everything in his power to achieve this as Turkey's economic crisis is deepening.
    • "why are you scared of the ballot box? You can't run the country; you have lost the power to govern it
  • IYI leader also committed to the same position, saying Erdogan was committing treason by holding onto the presidency.
    • "The biggest treason is occupying an office without being able to manage it. You have abused your power. You will pay for it at the next ballot box"
  • Former HDP co-chair Selahattin Demirtas calls on opposition parties to hold joint rallies to urge Erdogan govt to resign in the face of the economic crisis
  • From yesterday afternoon: Turkish state-owned banks sold U.S. dollars amid heightened demand for foreign exchange on Wednesday, people familiar with the matter said.
    • The amount sold by lenders was less than it used to be, said the people, who asked not to be identified
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.