Teams from four foreign banks in Turkey

The recently intensified traffic between Turkey and foreign banks will continue with contacts in Turkey this week.

According to information obtained by Bloomberg HT, Deutsche Bank, JPMorgan, Standard Chartered and HSBC teams will be in Turkey this week. Foreign bank teams will meet with the economy management and various institutions. The teams of the four banks will also hold meetings with economists.

Turkey will also host two credit rating agencies next week. S&P and Moody’s will hold different meetings on Turkey.

The economic management met with foreign investors at meetings held at Goldman Sachs and Citi headquarters in New York.

During the meetings, the economic management shared the prediction that inflation will be below 20 percent for 2025, while sharing the forecast of a current account deficit below 2 percent and a budget deficit below 3 percent.

In addition, the economic management also stated that there were expectations for a new rating increase.

At the meeting at Citi, it was stated that long-term bond investors also asked questions about inflation expectations, and that investors in this field stated that they could increase their positioning towards long-term papers as the decline becomes clearer.

Fatih Karahan, the Governor of the Central Bank of the Republic of Turkey (CBRT), also made a presentation at the meetings and commented on the results of the MTP and the steps taken in response to questions from investors.