Representatives of 4 foreign banks visit Türkiye for economic discussions
Business and financial district of Levent, which comprises of leading Turkish banks' and companies' headquarters, is seen behind a residential neighborhood in Istanbul, Türkiye, November 30, 2017. (Reuters/Murad Sezer)
Representatives from four major international banks arrived in Türkiye this week to engage in economic discussions, according to Bloomberg.
Deutsche Bank, JPMorgan, Standard Chartered and HSBC are scheduled to meet with Turkish economic officials, institutions and local economists.
The increased interaction between Türkiye and foreign banks has been ongoing, and this week’s meetings are seen as part of that broader engagement.
Upcoming credit rating agency visits
Next week, Türkiye will host representatives from two major credit rating agencies, S&P and Moody’s, who are expected to engage in separate discussions with Turkish officials.
Earlier, Türkiye’s economic leadership held meetings at the headquarters of Goldman Sachs and Citi in New York, where they met with international investors.
During these meetings, officials shared optimistic projections for 2025, expecting inflation to drop below 20%, a current account deficit of less than 2%, and a budget deficit below 3%.
Focus on inflation and bonds
At the Citi meeting, long-term bond investors reportedly raised questions about inflation expectations.
According to sources, investors indicated that their positioning in long-term bonds could increase as inflation forecasts become clearer.
Central bank governor’s involvement
Turkish central bank governor Fatih Karahan also participated in the discussions, providing insights into Türkiye’s medium-term economic program and commenting on the impact of recent economic measures.
