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CBRT Could Soften Some Measures, According to Participants

TURKEY
  • Reuters cites meeting participants as saying that the CBRT had signalled in a meeting with bankers that it could soften some measures ahead.
  • The headline could be trailed by a piece in Dunya earlier today - the paper referred to CBRT potentially putting a brake on FX-protected TRY deposit accounts, citing sources in saying that the CBRT has made contact with bank officials, and will prohibit payouts given to the KKM accounts.
  • The cumulative value behind the FX-protected savings accounts is see totalling over $120bln.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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