Turkey Said to See Fewer Lira Interventions as Inflation Slows
- Central bank Deputy Governor Akcay met investors in London
- Akcay sees no problem with lira’s valuation, people say
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A senior Turkish central banker told international investors this week that authorities expect to intervene less in the foreign-exchange market over time, according to people familiar with the discussions.
In meetings in London, Deputy Governor Cevdet Akcay said he expects improving inflation and financial stability metrics will increasingly enable Turkey’s currency regime to become less interventionist, said the people, who spoke on the condition of anonymity so as to discuss private conversations.