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

TURKEY: Local Markets Closed, CBRT Tweaks TRY Deposit Growth Target Rules

TURKEY
  • Local markets in Turkey are closed today as the nation celebrates its Victory Day.
  • Yesterday, the CBRT announced changes to some reserve requirement practices in order to boost lira deposits. The central bank increased monthly growth target to 0.8ppts for banks with real person lira deposit shares between 45% and 50%, and abolished growth targets for banks with shares exceeding 60%. It also increased the upper limit for the remuneration of lira required reserves to 84% of the policy rate. The steps are the latest in a series designed to shift savings to traditional TRY-denominated deposit accounts from FX-protected accounts.
  • Looking ahead to next week, CPI data for August provides the highlight on Tuesday (Est: +51.83% Y/Y; Prior: +61.78%). GDP data for Q2 will cross wires on Monday (Est: -0.7% Q/Q; Prior: +2.4%).
EM BulletBulletGlobalEmerging Market NewsRegion
EM BulletBulletGlobalEmerging Market NewsRegion

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.