MNI: FED: NEED MORE FAVORABLE DATA ON INFLATION TO CUT

MNI INTERVIEW2: Europe Must Act To Boost Growth-ECB's Kazaks

MNI BRIEF: European Fiscal Board Calls For Fiscal Tightening

MNI NBP WATCH: Rates Held As 2024 Outlook Remains Hawkish

MNI BRIEF: ADP's Richardson Sees Pockets of Weakness in US Job Market

MNI BRIEF: NBP Holds Reference Rate At 5.75% As Expected

US Treasury Auction Calendar

US EIA:NAT GAS STORAGE +32 BCF TO 3,134 BCF JUN 28 WK

US EIA: CRUDE OIL STOCKS EX SPR -12.16M TO 448.5M JUN 28 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Central Bank, Banking Sector Discuss Latest Macroprudential Adjustments

TURKEY
  • The banking sector held a meeting with the central bank yesterday to express the difficulty of the situation it is in following adjustments to the CBRT's macroprudential measures, Ekonomi report. According to information obtained from both Ekonomi’s banking sector sources and Reuters sources, the new central bank Deputy Governor Cevdet Akcay attended the meeting and listened bankers' concerns. According to Reuters, the CBRT stated that it is "aware of the difficulties" but that the regulations are "necessary" for a healthy transmission mechanism.
  • Another banking sector source pointed out that there is a possibility of a double interest rate emerging with low interest rates given to savers who have never entered KKM and are only TRY deposit customers, and high interest rates paid to TRY depositors when their KKM accounts mature.
  • As part of the first step to discouraging saving in KKM accounts, the banking sector has stopped opening such accounts on mobile devices and online, Ekonomi say.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.