Over $16B Shifted Into Deposits Amid Fund Exits: Turkish Central Bank
11 Articles
11 Articles
The Governor of the Turkish Central Bank, Fatih Qurahan, said that the data showed that there was no risk of a crisis affecting some investment funds, but that the Bank would intervene again if necessary.
Turkey Fund Outflows Mostly Moved to Bank Deposits, BofA Says
Central Bank Governor Fatih Karahan stated that there have been outflows from money markets and similar funds recently, and that a large portion of this money has been directed towards deposits.
Central Bank Governor Fatih Karahan made important statements following the fund investigation. Karahan stated, "Outflows from the funds have largely shifted towards deposits."
Breaking news... Central Bank Governor Fatih Karahan announced that recent outflows from money markets and similar funds have largely shifted towards deposits. While noting that the disinflation process is continuing despite a slowdown, Karahan stated that reserves have risen to $171 billion. He also drew attention to the deterioration in inflation expectations, giving the message, "We need to maintain our cautious stance."
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