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The CBRT made changes in the reserve requirement application in order to support macrofinancial stability and liquidity management of banks.
The press release of the Central Bank of the Republic of Turkey (CBRT) regarding the macroprudential framework was published on its website.
In the announcement, it was stated that the bank made changes in the reserve requirement application in order to support macrofinancial stability and banks' liquidity management, and that the growth limit for SME loans from 4.5 percent was increased to 5 percent, and the blocked facility rates for Turkish lira required reserves were also reduced.

DEVA Party Chairman Ali Babacan stated that the CMB and Borsa Istanbul managements should be changed in the evaluations regarding the fund crisis. While Babacan suggested the dismissal of the heads of supervisory institutions, he said that the board chaired by Vice President Cevdet Yılmaz could not manage a crisis of this scale with its part-time working structure. He also emphasized that the measures that should have been taken before the crisis were incomplete and that it would be beneficial to carry out joint supervision of the judiciary, the State Supervisory Board and the Parliament.

In the press release regarding the macroprudential framework, the CBRT announced that it increased the growth limit for SME loans from 4.5 percent to 5 percent and reduced the blocked facility rates in Turkish lira required reserves. These regulations were made with the aim of supporting macrofinancial stability and improving banks' liquidity management.

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