Turkey’s Economy Czars Said to Plan London Investors Meet

Turkey’s top economic stewards will see foreign investors in London later this month to talk about policy trajectory after Wednesday’s emergency rate hike.

Deputy Prime Minister Mehmet Simsek and central bank Governor Murat Cetinkaya will travel to London May 28 to meet with investors, including money managers, the following day, according to a person familiar with the plans.

Earlier, the two will meet leaders of Turkish businesses and financial institutions in Istanbul, the person said, asking not to be named because the plan wasn’t yet public.

The meeting was planned following the central bank’s extraordinary rate hike to support the lira after it lost more than a fifth of its value against the dollar this year. Simsek and Cetinkaya are expected to talk to investors about how Turkey’s economic policies will take shape going forward, the person said.

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