Turkish central bank eases liquidity squeeze

Turkey's central bank and treasury held two purchases of government bonds on Monday as part of a package of measures to ease a liquidity squeeze that shook markets last week. The debt purchases follow a reduction in bank reserve requirement ratios and a central bank announcement of more flexible liquidity requirement standards between 25 November and 5 January - when a Muslim holiday coincides with the year-end. The central bank will hold in its portfolio the nominal 244.8 trillion lira in bo

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