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Erkan Scheduled to Meet Investment Banks, Funds Next Week

TURKEY
  • CBRT Governor Erkan will hold meetings with investment banks, international investment funds and other central banks governors at the World Bank-IMF annual meetings on Oct 11-13, Ekonomi report. According to Reuters sources, Erkan's schedule includes meetings with Blackrock, JP Morgan, Deutsche Bank and other central bank governors.
  • Despite economic stagnation in Europe, September witnessed record-breaking export figures, Dunya report the President of the Turkish Exporters Association as saying. He expressed that the increase in the daily limit of rediscount loans to TRY3bln has had a positive impact, stating “access to finance for our exporters is no longer a major concern. We can now shift our focus toward production and exports instead of spending time seeking financing.”
  • The central bank will publish weekly portfolio capital flows data later today. There are no other major releases left on the docket this week.

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