The Central Bank of Turkey to meet with domestic and foreign investors

The Central Bank is preparing to take another critical step after announcing that it is intervening in the excessively high dollar exchange rate. Officials of the Central Bank of the Republic of Turkey (CBRT) will hold two meetings with domestic and foreign investors in the market after the intervention in the foreign exchange market.

The Central Bank is preparing to take a new step after the ‘sales-oriented’ intervention in the market caused by the excessive rise of the exchange rate during the day. It was learned that bank officials who want to disperse the bad atmosphere that has formed in the economy due to the fluctuation in the markets will hold a critical meeting with investors in the market.

FIRST MEETING WITH DOMESTIC INVESTORS

The Central Bank of the Republic of Turkey (CBRT) is preparing for a very critical investor meeting after the messages on monetary policy, the developments in the exchange rate and the first intervention in the foreign exchange market after 2014.

CBRT officials will hold meetings with domestic and foreign investors on December 2. It is envisaged that the meeting with domestic investors will be held at 11:00, and the meeting with foreign investors will be held at 16:00.

Meetings that will be online are scheduled to last 1 hour.

Economists who spoke to Bloomberg HT noted that the foreign exchange market intervention, which was carried out for the first time after 2014, will be one of the important topics at the meeting.