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AKP Spox Slams Greek Provocations; CBRT Tweaks TRY Reserve Requirements

TURKEY

LOCAL NEWS

  • AKP Spox slams Greek harassment of Turkish research vessel yesterday after four jets came within 1000m before letting off a chaffing round (flare typically used for defensive maneuvers) within 2.3 miles of the vessel.
    • AKP Spox said this is no doubt a provocative action and that Turkey wishes to keep diplomatic channels open, meet and negotiate. Notes Greece continues to escalate unprovoked by Turkey
  • CBRT raises reserve requirements 2% on TRY liabilities. Ratio for deposits & participation funds with maturities of 3m or less raised to 8%, 6% for up to 6m, 4% for up to 1Y and 3% for more than 1Y
  • US urges Turkey not to go ahead with S400 delivery. US says Turkey had multiple opportunities to buy Patriot system and there has been no change on Turkey's status in the F-35 programme
  • Blue Homeland architect (former Turkish Naval Chief of Staff) says Greece continues to expand into Turkish territory with "help from Great powers."
    • Says Turkey doesn't see Greece as a threat, but calls for a number of islands to be demilitarised
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market News
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market News

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