Turkish CB reduces required reserve ratios for foreign-exchange deposits

As of today, the required reserve ratio for foreign-exchange deposits with maturities of one month to one year was reduced from 12 percent to 11.5 percent.

Turkish CB reduces required reserve ratios for foreign-exchange deposits

Turkey's Central Bank has reduced the required reserve ratios for foreign-exchange deposits by 0.5 percent for all maturity terms.

As of today, the required reserve ratio for foreign-exchange deposits with maturities of one month to one year was reduced from 12 percent to 11.5 percent, said a statement from the Central Bank on Friday.

The ratio for deposits with maturities of one year and longer was also cut from 10 percent to 9.5 percent, the statement noted.

Central Bank said the ratio cuts were expected to provide the market with a liquidity injection of nearly 930 million USD.

AA

Last Mod: 05 Ağustos 2011, 12:14
Add Comment