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Central Bank Tells Investors Monetary Tightening Close To Desired Level

TURKEY
  • TURKEY CENTRAL BANK TELLS INVESTORS COMMITTED TO DISINFLATION
  • TURKEY CENBANK SAID MONETARY TIGHTNESS CLOSE TO NEEDED LEVEL
  • TURKEY CENBANK ANTICIPATES COMPLETION OF TIGHTENING CYCLE ASAP (BBG)
  • The above headlines come from an investor meeting hosted by the Turkish central bank at the JP Morgan New York headquarters which were to be attended by CBRT Governor Hafize Gaye Erkan and virtually by Treasury & Finance Minister Mehmet Simsek.
  • The goal of the event was is to instil more confidence in investors who remain unsure the switch in direction is set in stone, Bloomberg wrote. Turkish officials have been attempting to persuade foreign investors to return to buying lira assets since the new economy team was formed following the Presidential elections last year.

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