Central bank

Survey forecasts no change in interest rates

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.

Council of Ministers Approves Bulgarian Development Bank to Acquire Shares of Fibank

 

At a meeting in the Council of Ministers on June 12, the Government discussed a Draft Protocol Decision on actions taken by Bulgarian Development Bank AD (BDB) to acquire shares from the capital increase of First Investment Bank (FiBank).

Turkish Central Bank int'l reserves at $86.3 bln in April

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.

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.

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