CBRT cuts reserve requirements, but stresses tight stance

Murat Çetinkaya
Murat Çetinkaya: “tight” monetary policy stance “will be maintained”
Photo: CBRT

The Central Bank of the Republic of Turkey (CBRT) cut reserve requirements on February 16, but governor Murat Çetinkaya stressed such moves should not be interpreted as a relaxation of monetary policy.

In a short statement, the central bank said it had cut the reserve requirement ratio by 100 basis points for deposits and “participation funds” with maturities up to a year, and for other liabilities with maturities up to three years. All other requirements were reduced by 50bp.

Muhammet Mercan

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