PM Davutoglu gathers finance heads

According to prime ministry sources, PM Ahmet Davutoglu met with top finance administrators after returning from New York trip

PM Davutoglu gathers finance heads

World Bulletin / News Desk 

Turkish Prime Minister Ahmet Davutoglu met with top finance administrators Sunday, according to prime ministry sources, amid concerns about the Turkish lira’s status.

Davutoglu met Turkish Central Bank Governor Erdem Basci, Head of Capital Market Board Vahdettin Ertas and Deputy Undersecretary of the Turkish Treasury Cavit Dagdas at his residence in Ankara, after returning from a trip to New York trip where he held meetings with global investors.

Ali Babacan, Turkish deputy PM responsible of economy, was also present at the meeting, where the latest developments in domestic and foreign markets were discussed, the sources said.

Basci had drawn criticism from President Recep Tayyip Erdogan and other government officials for not bringing interest rates down in order to boost production, as the governor pointed to the inflation outlook.

The Turkish lira hit record lows against the U.S. dollar on Friday reaching 2.64, following better-than-expected employment figures from the U.S.

Consumer price inflation in Turkey was up less than analysts had forecast in February, the Turkish Statistical Institute said in a statement Tuesday.

Last Mod: 08 Mart 2015, 13:54
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