Steps From the Central Bank to Support Macro Financial Stability - Economy News

The Central Bank of the Republic of Türkiye (CBRT) announced that it has increased the reserve requirement ratios applied to short-term Turkish lira-denominated debts obtained from abroad.

The Central Bank of the Republic of Turkey (TCMB) announced that the reserve requirement ratio, which is 12 percent for funds obtained from Turkish lira-denominated foreign repo transactions and loans used from abroad, has been increased to 18 percent for terms of up to 1 month and 14 percent for terms of up to 3 months, depending on the term.