MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CBRT Tweak FX Reserve Requirements to Bolster TRY Use in Banking System

TURKEY
  • The Turkish central bank have raised their required reserve ratios for FX liabilities by 200bps, to 21% from 19% for the one-year maturity and to 15% from 13% for longer maturities. The Turkish central bank state the change will "increase the share of Turkish lira in the total deposit/participation funds in the banking system".
  • Manufacturing PMI for June inched back above 50.0, rising to 51.3 from 49.3. New orders were the highest since January at 50.3 from 46.4.
  • Yesterday, Turkey launched their €1.5bln 6y bond syndication, to yield 4.50% after guiding 4.50 - 4.625%. Separately, the Turkish Treasury announced plans to borrow TRY45.7bln from domestic markets across September after borrowing TRY52bln and TRY16bln across July and August.
  • As of today, Turkish households face higher electricity bills, with the regulator EPDK announcing a cost-driven price hike of 15%. Cost now sits at 91.6 liras per 100kWh.
  • Calendar highlight Thursday is the release of TCMB's weekly portfolio flows and reserves data at 2.30pm local / 1230BST. Erdogan meets MPs in Ankara and then appears at a convention at 2pm local / 1200BST.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.