A technical meeting was held between the Central Bank and the Banks Association of Turkey. During the meeting, it was emphasized that with close cooperation between all relevant institutions, all tools within market rules will continue to be effectively and decisively utilized to maintain stability. Central Bank President Fatih Karahan stated that he will do everything necessary within market rules.

Officials from the Central Bank of the Republic of Turkey (CBRT) and representatives of banks as members of the Board of Directors of the Banks Association of Turkey (BAT) gathered to assess the latest developments in the markets. According to a statement on the BAT’s website, it was reported that officials from the Central Bank and representatives of banks as members of the BAT Board of Directors had evaluated the recent market developments. The announcement mentioned that the planned meeting on March 21 was hosted by the Central Bank, stating, “In the technical meeting, with the close cooperation of all relevant institutions, it was emphasized that all tools within market rules will continue to be effectively and decisively utilized to maintain stability.”

STATEMENT FROM PRESIDENT KARAHAN
Central Bank President Fatih Karahan stated that he will do everything necessary within market rules. Karahan emphasized the importance of the measures taken being market-friendly. He also stated, “Our communication channels are always open bidirectionally.”