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 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.
Bank of Greece Governor Yannis Stournaras on Monday stressed the need to seek and activate instruments such as a bad bank, as the so-called Hercules Asset Protection Scheme (HAPS) is considered insufficient, while he also recommended taking recourse to the credit line of the European Stability Mechanism (ESM).
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.