New steps from the Central Bank for TRY liquidity management
The Central Bank of the Republic of Turkey announced that new measures have been taken regarding TRY liquidity management within the framework of financial market developments.
The Central Bank of the Republic of Turkey announced that liquidity facilities have been reviewed in line with developments in the markets and adjustments have been made to weekly repo funding and borrowing limits.
Liquidity Facilities Reorganized
The Central Bank of the Republic of Turkey announced that liquidity facilities have been comprehensively reviewed taking into account recent developments in financial markets.
Weekly Repo Auctions Will Be Increased
According to the statement, the total amount of funding to be provided through weekly repo auctions will be increased taking current liquidity conditions into consideration.
Borrowing Limits Will Be Updated
The borrowing limits held by banks within the Interbank Money Market will be redetermined taking into account the current balance sheet sizes of the banking system.
Collateral Discount Rates Will Be Reduced
Collateral discount rates applicable in the markets within the Central Bank will be reviewed in detail and reduced downward.
Close Monitoring for Additional Measures
It was stated that liquidity conditions will continue to be closely monitored and any additional measures will be resolutely taken according to market requirements.