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Turkey's central bank downplays contagion risk from fund crisis

Original: Turkey's central bank says no contagion risk from fund crisis and is ready to intervene

Turkey's central bank said there is no contagion risk from a crisis affecting a fund, and that it stands ready to intervene in markets if needed. The reassurance comes amid concern among investors and the public about potential spillover from the fund's troubles into the wider financial system. Officials are signalling confidence that the situation remains contained.

Why now: Concerns over the fund crisis raising fears of broader financial contagion in Turkey

TurkeyCentral Bank of the Republic of Turkey

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• Turkey's central bank says no contagion risk from fund crisis and is ready to intervene · Reuters

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