November 30, 2021, 18:32

    Turkish central bank cuts renumeration rate for lira required reserves

    Turkish central bank cuts renumeration rate for lira required reserves

    ISTANBUL, Oct 22 (Reuters) – Turkish central bank cut on Friday the renumeration rate for Turkish lira required reserves to 10.5% from 12.5% as of October 22.

    In a statement, the central bank also said, remuneration rates that differ between 10.5% and 16% will be applied to increase the share of Turkish lira in the total deposit/participation funds in the banking system.

    Writing by Ezgi Erkoyun

    Sourse: reuters.com

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