Emphasis on Global Economy and Communication at the Istanbul Economy Forum

Speaking at the Istanbul Economy Forum organized by the CBRT at the Istanbul Financial Center, CBRT Governor Fatih Karahan stated that an exceptional period is being experienced and drew attention to the importance of direct communication with markets and all segments of society.

Istanbul Economy Forum Takes Place

Within the scope of the Istanbul Economy Forum organized by the Central Bank of the Republic of Turkey at the Istanbul Financial Center, the panel titled 'Strategic Outlook in the Global Economy' was held. Changing global conditions for economic policy makers were discussed during the panel.

Exceptional Period and Geopolitical Effects

Stating that they have witnessed many changes over the past 5-6 years, CBRT Governor Fatih Karahan emphasized that global conditions have created an exceptional period. He noted that the situation in the Middle East and geopolitical developments shape energy and trade flows.

Communication and Managing Expectations

Stating that the fundamental issue for central banks is to understand whether these developments are permanent or temporary, Karahan noted that reaching households and firms in the age of social media is critical for managing expectations.

Views of Global Central Bank Governors

Speaking at the same panel, Bank of France Governor Emmanuel Moulin stated that the green transition could increase real interest rates. Netherlands Bank Governor Olaf Sleijpen pointed to public finances and the banking union, while Saudi Central Bank Governor Ayman Al-Sayari emphasized the importance of crisis management and international coordination.