- Raises forex reserve requirement rate to 11%
- Rise in lira reserve requirement to reduce liquidity by 2.1 bln lira
- Rise in fx requirement to reduce fx liquidity by $1.5 bln
- Halted paying interest on lira reserve for more active use of reserve requirements
The moves are part of the central banks’ “exit strategy” from the crisis-induced policy of cheap money.
Reminds, must try and get back to Gumusluk soon.
