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.
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.
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.