The decline of the Turkish lira alerted the monetary authorities. The Central Bank has called an emergency meeting for Tuesday. Experts expect a sharp interest rate increase.

The Turkish central bank responds to the price decline of the lira: first time in around two and a half years, a special meeting was convened. The meeting would be held on Tuesday and the result will be announced on the evening, the central bank said in Ankara on Monday. It should be “reviewed the recent developments and the necessary steps for the preservation of price stability are introduced.”

Experts believe that the interest rate is raised sharply. Economist Timothy Ash of the Standard Bank expects an “aggressive” move on interest rates. Currently, the interest rate is 4.5 percent.

Been put on alert the central bankers from the recent price drop of the lira. She fell against the dollar at a rate of 2.39, and thus to a record low. Fearing a rapid tightening of U.S. monetary policy and a flagging world economic recovery, investors pull back currently from Turkey and other emerging markets. In addition, in Turkey even that became known in December corruption investigations against government employees who bring the acting since the age of eleven Prime Minister Recep Tayyip Erdogan discredit and undermine the confidence of investors.

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