The Turkish Central Bank’s Monetary Policy Committee will hold an unscheduled meeting tomorrow, in an effort to discuss the recent developments on “public debt in certain European countries and the global growth outlook,” according to a statement, Hurriyet reports.
The meeting will take place between 10am and 12 am and the outcome will be announced in a statement, Wednesday announcement on the Bank’s website said.
The meeting will come as concerns over European sovereign debt and U.S. public finances coincide with worries over Turkey’s gaping current account deficit. The U.S. dollar was trading above 1.70 Turkish liras yesterday morning, as foreign investors dump Turkish assets.
Turkish Central Bank to hold extraordinary meeting
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