Announcement of borrowing limits and collateral discount rates from the CBRT
Quick Look
The Central Bank of the Republic of Turkey announced that banks' borrowing limits will be updated according to their balance sheet sizes and collateral discount rates will be reduced.
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Why It Matters
The CBRT makes regulations to manage the liquidity conditions of the banking system.
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In the statement made by the Central Bank of the Republic of Turkey, "Banks' borrowing limits will be updated taking into account the current balance sheet sizes of the banking system. Liquidity conditions will be closely monitored and any additional measures will be taken if necessary. Collateral discount rates valid in the markets within the CBRT will be reviewed and reduced." statements were included.
Open Questions
- On what date will the updates come into force?
- What will be the discount rate on collateral discount rates?
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This article was originally published by AA Güncel.
