触发熔断！股指下跌5% ，土耳其央行出手

Core Viewpoint - Turkey's financial markets are experiencing significant volatility, with the central bank taking measures to stabilize the currency and control inflation risks [2][3][4]. Group 1: Market Reactions - On March 21, Turkey's main stock index fell by 5%, triggering a circuit breaker mechanism, while the main banking index dropped by 8% [1]. - The Turkish lira depreciated by 0.5% against the US dollar, reaching 38 lira per dollar, marking a cumulative decline of 3.7% over the past five days, the worst performance since June 2023 [5]. Group 2: Central Bank Actions - The Central Bank of Turkey held an emergency meeting on March 20, raising the overnight lending rate by 200 basis points to 46% to combat currency depreciation and inflation risks [3][4]. - The central bank maintained the one-week repo rate at 42.5% and the overnight borrowing rate at 41% while emphasizing the need for potential further tightening if inflation worsens significantly [4]. - To stabilize the lira, the central bank intervened in the foreign exchange market, reportedly selling between $8 billion to $9 billion [6].