3 August: The Monetary Policy Committee of the Turkish Central Bank will hold an extraordinary meeting tomorrow amidst concerns about the gloabl economy and the widening Turkish current account defecit. (Hurriyet Daily News)

The Turkish Central Bank’s Monetary Policy Committee will have 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.

The meeting will take place between 10 a.m. and 12 a.m. and the outcome will be announced with a statement at 12 a.m., according to a Wednesday announcement at the Bank’s website.

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.

Hurriyet Daily News

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
UN General Assembly demands that Russia returns Ukrainian children

UN General Assembly demands that Russia returns Ukrainian children

The UN General Assembly, in a vote on Wednesday (3 December) overwhelmingly voted in favour of a resolution demanding that Russia returns Ukrainian children kidnapped since the start of the Russian invasion in February 2022. 91 countries voted in favour of the resolution, 12 voted against, and 57 countries abstained or were not present. Russia and Belarus were joined by ten countries in voting against the resolution, namely, Iran, Cuba, Nicaragua, Burundi, Burkina Faso, Niger, Mali, Democratic Republic of Congo, Sudan, and Eritrea. From the South Caucasus, Georgia voted in favour of the resolution, but Armenia and Azerbaijan abstained, as did Turkiye and the five Central Asian republics. Also abstaining were the six Gulf monarchies and most Arab countries. The resolution calls for the immediate return of Ukrainian children who were deported to Russia. The Ukrainian government says more than 19,000 children have been taken away from Russian-occupied areas and elsewhere since Moscow's invasion began in February of 2022. The draft resolution submitted on Wednesday demands that Russia "ensure the immediate, safe and unconditional return" of the children. (Read more by clicking the image)

Popular

Editor's choice
News
UN General Assembly demands that Russia returns Ukrainian children

UN General Assembly demands that Russia returns Ukrainian children

The UN General Assembly, in a vote on Wednesday (3 December) overwhelmingly voted in favour of a resolution demanding that Russia returns Ukrainian children kidnapped since the start of the Russian invasion in February 2022. 91 countries voted in favour of the resolution, 12 voted against, and 57 countries abstained or were not present. Russia and Belarus were joined by ten countries in voting against the resolution, namely, Iran, Cuba, Nicaragua, Burundi, Burkina Faso, Niger, Mali, Democratic Republic of Congo, Sudan, and Eritrea. From the South Caucasus, Georgia voted in favour of the resolution, but Armenia and Azerbaijan abstained, as did Turkiye and the five Central Asian republics. Also abstaining were the six Gulf monarchies and most Arab countries. The resolution calls for the immediate return of Ukrainian children who were deported to Russia. The Ukrainian government says more than 19,000 children have been taken away from Russian-occupied areas and elsewhere since Moscow's invasion began in February of 2022. The draft resolution submitted on Wednesday demands that Russia "ensure the immediate, safe and unconditional return" of the children. (Read more by clicking the image)