May 23, 2024 11:45 GMT
CBRT Make Liquidity Rule Tweaks Following Rate Decision
TURKEY
- Following the CBRT decision, the bank announce steps for sterilization - raising the required reserve ratio for TRY deposits. As part of the measures, CBRT change the target for banks on FX-linked deposits and impose a 2% monthly growth limit for FX loans.
- The steps follow the rate decision's termination of the securities maintenance practice and come as part of the bank's macroprudential tweaks that are aimed both at preserving macro financial stability and to improve the transmission of monetary policy.
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