Objection to Bloomberg's 'devaluation' claim from the economist who attended the meeting: 'A target was not mentioned'

CBRT President Fatih Karahan did not give such a message at the Bangkok meetings. What he said at the meeting I personally attended was this: 'The same magnitude of depreciation in TL decreases as a percentage over time as the exchange rate level increases.'

No numerical target or threshold value was announced for the depreciation trend.

However, if I were to make my own comment, a small adjustment was made because the loss of value of X cents every day brought the monthly trend from 1.7-1.8 percent to 1.5 percent, that's all. Therefore, there is no such thing as 'lets lira fall quicker' as stated in the news.

It was clearly stated that there was 'no significant change in exchange rate policy'