Turkey's Central Bank is expected to keep interest rates unchanged next week, according to an Anadolu Agency survey on Aug. 14.
The eighth monetary policy committee (MPC) meeting of this year will be held on Thursday (Aug. 20) to announce the bank's decision on interest rates.
A majority of 22 economists surveyed by Anadolu Agency forecast no change in interest rates.
The Guarantee Fund for the supply of loans to small, medium-sized and large companies with state collateral began operating on Wednesday with high expectations.
These working capital loans will have low requirements and favorable interest rates so as to provide liquidity to corporations during the crisis brought on by the coronavirus pandemic.
The Board of Directors of the National Bank of Romania (BNR) decided, in Friday's meeting, to reduce the monetary policy interest rate to 1.75% per year, from 2% per year, starting with June 2, informs the central bank.
The official reserves of the Turkish Central Bank reached $86.3 billion as of the end of April, the bank announced on May 28.
The April figure showed that total reserve assets slipped 6.3% from the previous month.
Foreign currency reserves in convertible foreign currencies fell 15.5% to $50.1 billion during the same period.
Prime Minister Ludovic Orban said on Friday, at a meeting with leaders of the Romanian Association of Banks (ARB), that the success of the economic rebuilding plan lies in the partnership with the financial and banking systems.