Minister of Treasury and Finance Mehmet Şimşek stated, “We are at our duty. We will continue to take all necessary steps for the healthy functioning of the markets.” Following a technical meeting between the Central Bank and the Association of Turkish Banks, it was mentioned that all kinds of tools will be effectively and decisively used within market rules to maintain stability.

Minister Şimşek, through social media, announced that measures have been taken for recent developments in the economy. Evaluating market developments in a post on his social media account, he stated: “We are at our duty. We will continue to take all necessary steps for the healthy functioning of the markets. Please do not heed to baseless news.”

Furthermore, officials from the Central Bank of the Republic of Turkey (CBRT) and representatives of banks as members of the Board of Directors of the Association of Turkish Banks (ATB) gathered to evaluate recent market developments. An announcement on the ATB’s website stated that officials from the Central Bank and representatives from member banks of the ATB evaluated recent market developments. The announcement indicated that the meeting, originally scheduled for March 21, took place under the auspices of the Central Bank, emphasizing the effective and steadfast utilization of all means within market rules for continuity of stability through close collaboration among relevant institutions.

CBRT Governor Fatih Karahan also stated that he will do whatever is necessary within market rules. Karahan emphasized the importance of the measures taken being market-friendly. He used the phrase “Our two-way communication channels are constantly open.”