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TURKEY: CBRT May Drain Liquidity With Extra TRY Deposit Auctions

TURKEY
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  • Bloomberg HT report that Turkey may drain lira liquidity using extra lira deposit auctions.
  • More from Bloomberg HT: "While excess liquidity continues in the banking system, the Central Bank of the Republic of Turkey (CBRT) is preparing for a new move. According to information obtained by Bloomberg HT from sources, the TCMB sent a letter to banks stating that it may open Turkish lira deposit auctions during the day in addition to the Turkish lira deposit auctions at 11:00-11:30 if deemed necessary."
  • See the full piece here.
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  • Bloomberg HT report that Turkey may drain lira liquidity using extra lira deposit auctions.
  • More from Bloomberg HT: "While excess liquidity continues in the banking system, the Central Bank of the Republic of Turkey (CBRT) is preparing for a new move. According to information obtained by Bloomberg HT from sources, the TCMB sent a letter to banks stating that it may open Turkish lira deposit auctions during the day in addition to the Turkish lira deposit auctions at 11:00-11:30 if deemed necessary."
  • See the full piece here.