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Central bank governor Karahan meets Turkish lenders over mounting global risks

CBRT Governor Fatih Karahan speaks during a briefing at the Central Bank’s Istanbul Financial Center campus as part of the presentation of the second Inflation Report of the year in Istanbul, Türkiye, on May 22, 2025. (AA Photo)
CBRT Governor Fatih Karahan speaks during a briefing at the Central Bank’s Istanbul Financial Center campus as part of the presentation of the second Inflation Report of the year in Istanbul, Türkiye, on May 22, 2025. (AA Photo)
June 23, 2025 02:45 PM GMT+03:00

Central Bank of the Republic of Türkiye (CBRT) Governor Fatih Karahan met on Monday with members of the Board of Directors of the Banks Association of Türkiye (TBB), including its Chairman, Alpaslan Cakar.

The meeting, a part of the regular quarterly gatherings organized between the two institutions, was held at the Istanbul Finance Center.

Focus on global developments and domestic outlook

According to an official statement released by TBB, the participants discussed recent developments in the global economy as well as the current state of Türkiye’s macroeconomic landscape. Particular attention was paid to the impact of ongoing geopolitical risks on global markets.

The meeting concluded with both CBRT Governor Karahan and TBB Chairman Cakar expressing their satisfaction with the continued close cooperation between the central bank and the banking industry. The statement noted that the discussions were productive and constructive, contributing to the sector’s healthy and sustainable growth.

Aerial view of Istanbul’s central business district, home to major banks and multinational offices in northwestern Türkiye, accessed on June 3, 2025. (Adobe Stock Photo)
Aerial view of Istanbul’s central business district, home to major banks and multinational offices in northwestern Türkiye, accessed on June 3, 2025. (Adobe Stock Photo)

Turkish central bank's recent moves

This meeting marked the first gathering between the Turkish central bank and local lenders since March 31, and was expected to address the recent policy rate decision as well as new measures concerning the Turkish lira and FX-protected deposits.

The Turkish central bank kept its policy rate unchanged at 46% in June, hinting at a possible cut in July, while introducing new steps to support the Turkish lira deposits. These included tighter reserve requirements for FX-protected deposits, lower interest obligations on such accounts, adjusted lira deposit growth targets for banks, and eased rules for opening floating-rate lira accounts.

June 23, 2025 02:45 PM GMT+03:00
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