Lagarde Says Markets Calmed by Turkish Moves After Coup Bid
- IMF chief says central bank, others acted ‘very strongly’
- Markets orderly after ‘massively disorderly’ event, she says
IMF's Lagarde: Turkey Central Bank Reacted Strongly
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IMF Managing Director Christine Lagarde said quick action by Turkey’s central bank and other agencies has helped calm financial markets after an attempt by members of the military to unseat President Recep Tayyip Erdogan.
“Over the weekend, all of us were on alert, monitoring the situation, wondering if they would take the right measures,” Lagarde said in an Monday with Bloomberg Television’s Tom Keene. Turkish authorities including the nation’s central bank and financial authorities “have all reacted very strongly, in a concerted way, in order to make sure that there would be liquidity available, that the banks would function.”