Turkey’s central bank announced on Thursday that it is prepared to take additional steps if needed to ensure the smooth functioning of financial markets. This announcement comes as the bank assesses potential risks to inflation from recent market developments.
The arrest of Istanbul mayor Ekrem Imamoglu has led to significant market volatility. In response to these market conditions, the Monetary Policy Committee (MPC) convened a meeting to review the situation.
The bank has already implemented measures to support its tight monetary stance, as stated in a recent bank announcement. These measures are part of the bank’s efforts to maintain market stability in the face of recent events that have caused market fluctuations.
