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Turkey's central bank says fund crisis poses no contagion risk

Original: Turkey's central bank says no contagion risk from fund crisis and is ready to intervene

Turkey's central bank said there is no risk of contagion from the crisis affecting a fund and stressed it is ready to intervene if needed. The statement, reported by Reuters, aims to reassure markets that authorities have the situation under control. Investors are watching for any signs the turmoil could spread to the wider banking sector.

Why now: Ongoing concerns about financial stability and the possibility of the fund crisis spreading are keeping markets and the public focused on the central bank's response.

TurkeyTurkey's central bankReuters

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• Turkey's central bank says no contagion risk from fund crisis and is ready to intervene · Reuters

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