Türkiye convened a key financial committee on Monday to assess the macroeconomic outlook and the developments in the markets, a statement by the Treasury and Finance Ministry said.

The Financial Stability Committee (FSC) convened under the chairmanship of Treasury and Finance Minister Mehmet Şimşek, the ministry said in a written statement shared on its website.

"At the meeting, the global and Turkish macroeconomic outlook was discussed, and current developments in the financial markets were comprehensively assessed," the statement read.

"The committee continues its work with a holistic approach to safeguard financial stability, which is one of the key components of sustainable economic growth," it added.

The photo released by the ministry showed the governor of the Turkish central bank, Fatih Karahan, also in attendance.

The FSC is Türkiye's top financial coordination body for systemic risk and macroprudential policy.

The authorities have reiterated the goal of price stability and disinflation while presenting a new economic road map earlier this month.

Türkiye's annual inflation rate cooled to 31.51% in August, down slightly from 31.75% in July, according to official data.

Global financial markets were in a sour mood on Monday on growing concerns about oil supplies following an attack on a key Saudi pipeline and uncertainty in the artificial intelligence field amid calls for a slowdown of AI development.

Global stocks fell as a surge in oil prices and rising government ⁠bond yields weighed on risk appetite ahead of ⁠central bank meetings in the U.S. and Japan this week.

Artificial intelligence-related shares also came under pressure after the leaders ​of OpenAI and Anthropic called for a slowdown in AI development to manage ​risks ⁠and protect humanity.