The Central Bank reduced the monthly growth limit for foreign currency loans from 2 percent to 1.5 percent, while keeping the monthly growth limits for TL loans constant at 2 percent.
The Central Bank of the Republic of Turkey (CBRT) has taken new steps to support its tight monetary policy stance.
The Central Bank made an announcement regarding the macroprudential framework.
In the announcement, it was noted that the CBRT took steps to support the tight monetary policy stance, and in this direction, changes were made in the application of required reserves based on credit growth, with the aim of maintaining the disinflation path and the harmonious course of credit growth and the share of Turkish lira (TL) loans.
The statement said, “In this context, it was decided to reduce the monthly growth limit of 2 percent for foreign currency loans to 1.5 percent, and to keep the monthly growth limit of 2 percent for TL loans constant. In addition, the scope of the exemption provided for investment loans was expanded, and it was decided to exempt investment loans used within the scope of resources provided by international development finance institutions from TL and foreign currency loan growth limits.”
Source: bigpara.hurriyet.com.tr
