To support effective functioning of financial markets and flexibility of the banks in their liquidity management; Turkish lira reserve requirement ratios have been reduced by 250 basis points for all maturity brackets. Reserve requirement ratios for non-core FX liabilities have been reduced by 400 basis points for the following maturities. The maximum average maintenance facility for FX liabilities has been raised to 8 percent. In addition to US dollars, euro can be used for the maintenance against Turkish lira reserves under the reserve options mechanism. With this revision, approximately 10 billion TL, 6 billion US ... (full story)

To support financial stability and sustain the effective functioning of markets, the following measures have been introduced: I. Turkish lira liquidity management: 1) In the framework of intraday and overnight standing facilities, the Central Bank will provide all the liquidity the banks need. 2) Discount rates for collaterals against Turkish lira transactions will be revised based on type and maturity, thus providing banks with flexibility in their collateral management. Through this regulation, the discounted value of banks’ current unencumbered collaterals is projected to increase by approximately 3,8 billion ... (full story)