Turkish Central Bank boosts swap auction limit
The Turkish Central Bank on May 22 boosted its lira swap sale limits from 40% to 50%, according to banking sources.
The bank increased the limit of the swap auctions in the Turkish Lira Swap Market for Foreign Exchange, as per a directive it sent to lenders.
Thus, the banks' flexibility in Turkish lira and foreign currency liquidity management will have further increased.
The decision will be implemented starting May 27.