Free Trial

MNI CBRT Review - May'24: Fresh Measures Head Off Liquidity Risks

Fresh liquidity measures target concerning re-acceleration of FX loan growth

EXECUTIVE SUMMARY:

  • The Central Bank of Turkey left its one-week repo rate unchanged at 50%
  • Statement maintains its commitment to higher-for-longer rates amid resilient domestic demand and upside inflationary pressure
  • Beyond the headline policy rate, the bank made sweeping changes to liquidity provisions, punishing banks that exceed 2% FX loan growth and raise reserve requirements
Full review including summary of sell-side views here:

MNICBRTRevMay24.pdf

Keep reading...Show less
164 words

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.

EXECUTIVE SUMMARY:

  • The Central Bank of Turkey left its one-week repo rate unchanged at 50%
  • Statement maintains its commitment to higher-for-longer rates amid resilient domestic demand and upside inflationary pressure
  • Beyond the headline policy rate, the bank made sweeping changes to liquidity provisions, punishing banks that exceed 2% FX loan growth and raise reserve requirements
Full review including summary of sell-side views here:

MNICBRTRevMay24.pdf

Keep reading...Show less