Turkish Prime Minister Ahmet Davutoğlu met with top finance administrators on Sunday, according to prime ministry sources, amid concerns about the status of the Turkish Lira.
Davutoğlu met with Turkey's Central Bank (CBRT) Governor Erdem Başçı, Head of Capital Markets Board Vahdettin Ertaş and Deputy Undersecretary of the Turkish Treasury Cavit Dağdaş at his residence in Ankara, after returning from a trip to New York where he held meetings with global investors.
Ali Babacan, Deputy PM in charge of economy, was also present at the meeting, where the latest developments in domestic and foreign markets were discussed, the sources said.
Başçı had drawn criticism from President Recep Tayyip Erdoğan and other government officials for not bringing interest rates down in order to boost growth, as the governor pointed to the inflation outlook.
The Turkish Lira hit record lows against the U.S. Dollar on Friday at 2.64, following the U.S. employment figures better than market expectations.
Consumer price inflation in Turkey increased less than analysts' forecasts in February, the Turkish Statistical Institute (TÜİK) said in a statement Tuesday.
CBRT stayed prudent over the figures, as it said Tuesday that a trim in interest rates would be "on a measured scale."
