Turkey's Central Bank: No Fund Contagion Risk, Ready to Intervene
Turkey's Central Bank Governor Fatih Karahan stated that data indicates no contagion risk from a crisis involving certain investment funds, while affirming the bank's readiness to intervene again if necessary.
Turkey's central bank Governor Fatih Karahan said on Tuesday that data indicated there was no contagion risk from a crisis involving some investment funds, but added the bank would step in again if needed. Speaking to lawmakers at a parliamentary commission, Karahan said t…