FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Treasury says to Continue Measures to Strengthen Stability

TURKEY
  • Turkey's Treasury states that moves from the Turkish Banking Regulator on Friday last week are inline with a more selective loan approach and will continue measures to strengthen stability in the near-term.
  • Friday’s move to ban banks from extending TRY loans to firms seen as “flush” with foreign exchange has been one of the regulators’ most effective moves so far – in a campaign that’s also included the curbing of loan growth, limits on credit card use and raising the cost of borrowing TRY by offshore firms.
  • Dunya write that a number of businesses have argued that the restrictions on TRY loans will provide a heavy brake for the economy, and could have negative impacts on exports. The paper list 195 companies that have excess FX deposits above the TRY15mln limit, which will be directly impacted by the policy move. These FX reserves amount to $3.6bln.
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.