ISTANBUL (Reuters) – Turkish Central Bank Governor Fatih Karahan will meet with board members of Turkey’s Banks Association (TBB) on Sunday to discuss recent developments in the market, three banking sources with the knowledge of the matter said.
Turkish lira, stocks and bonds suffered heavy declines since Wednesday when Istanbul Mayor Ekrem Imamoglu, the main political rival to President Tayyip Erdogan, was detained.
A Turkish court jailed Imamoglu pending trial over graft charges on Sunday. He denies the charges.
Karahan’s meeting with TBB will start at 1200 GMT, the sources said.
The central bank declined to comment on the meeting.
(Reporting by Nevzat Devranoglu and Ebru Tuncay, writing by Ezgi Erkoyun;Editing by Elaine Hardcastle)
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