A technical meeting was held between the Central Bank and the Turkish Banks Association. During the meeting, it was stated that all relevant institutions will continue to effectively and decisively use all means within market rules to maintain stability through close cooperation. Central Bank President Fatih Karahan also stated that he would 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 Turkish Banks Association (TBB) gathered to assess the recent developments in the markets. According to an announcement on the TBB’s website, it was reported that officials from the Central Bank and representatives of banks as members of the TBB Board of Directors evaluated the recent developments in the markets. The statement mentioned that the planned meeting on March 21 was hosted by the Central Bank and emphasized the continuation of using all means within market rules effectively and decisively to maintain stability through close cooperation among all relevant institutions.

STATEMENT FROM PRESIDENT KARAHAN: Central Bank President Fatih Karahan stated that they would do everything necessary within market rules.

Karahan emphasized the importance of the measures taken being market-friendly, saying, “We value that our measures are market-friendly.” He also used the phrase, “Our two-way communication channels are always open.”