ISTANBUL, Aug 4 Reuters Turkey39;s newlook economic team met for the first time with international investors on Friday, with questions over how far it will hike interest rates to head off rebounding inflation high on the agenda.

According to a preliminary programme, the eighthour meeting in Istanbul was to include Central Bank Governor Hafize Gaye Erkan discussing monetary policy and the economic outlook, and Finance Minister Mehmet Simsek discussing fiscal policy.

The programme obtained by Reuters also showed Burak Daglioglu, head of the presidency39;s investment office, was to give a presentation on Turkey as your resilient investment partner.

Reuters reported on Thursday that Wall Street bank JPMorgan was hosting the meeting, which comes two months after President Tayyip Erdogan named Erkan and Simsek to the top positions to orchestrate a Uturn toward more orthodox policies.

The central bank under Erkan has since raised its key rate by 900 basis points to 17.5, though the pace of tightening missed market expectations. Last week it more than doubled its yearend inflation forecast to 58, in line with expectations.

Under the previous governor, the bank had slashed rates to 8.5 from 19 in 2021 in line with Erdogan39;s unorthodox belief that high rates fuel inflation. That sparked a currency crisis and the lira weakened 44 in 2021, 30 in 2022, and another 30 so far this year.

Inflation touched a 24year peak of 85.5 last October. It subsequently eased but then rose…