Nakon hitnog sastanka, guverner Erdem Basci objasnio je da je taj potez uslijedio zbog rastućih zabrinutosti da bi finansijska previranja u Evropi i usporavanje rasta američke privrede mogli Tursku odvesti u recesiju, te da stoga mogu biti potrebne niže stope u cilju zaštite domaće privrede.
After an emergency meeting, Governor Erdem Basci explained the move was made amid rising concerns that turmoil in Europe's finances and slowing US economic growth may drive Turkey into recession, which may possibly require lower rates to shield the local economy.