✉news BusinessBanking first seen 10 h ago, last 51 min ago, peak #1
Turkey's central bank says no contagion risk from fund crisis
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 ongoing fund crisis and stressed that it stands ready to intervene in markets if needed. The reassurance comes as investors watch for spillover effects on the country's banking sector and financial stability, with the bank seeking to calm concerns about broader fallout.
Why now: The fund crisis is raising fears of financial contagion, and the central bank's intervention pledge is being closely watched by markets.
TurkeyCentral Bank of the Republic of Turkey
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