Turkey's Central Bank Implements Simplified Rules Under New Governor Amid Lira Plunge.
TL;DR
The Central Bank of the Republic of Türkiye (CBRT) has simplified its securities maintenance regulation to increase the functionality of market mechanisms and strengthen macro-financial stability. The move is part of policies announced after the recent monetary policy committee meeting, and the simplification process will continue in a gradual manner. The securities maintenance ratio that Turkish banks are required to allocate to their foreign currency deposit has been reduced to 5% from 10%. With the new regulation, banks must maintain securities ranging between 3% and 12% of their lira deposits.
Topics:businessfinance#finance#hafize-gaye-erkan#market-mechanisms#monetary-policy#securities-maintenance-ratio#turkish-central-bank
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