New move in Central Bank – Capital

The CBRT continues its tightening steps by zeroing the funds it has provided in BIST Repo-Reverse Repo Market at a limited amount over the overnight lending rate.

30.10.2020 10:37:000

Central Bank of the Republic of Turkey (CBRT), the BIST Repo-Reverse Repo Market at night allows for a limited amount of funds that amount over the lending rate remains tightening steps by resetting today.

According to the information obtained by the AA correspondent, the CBRT continues to tighten the monetary policy. In this context, the Bank continues to tighten the funds it has provided in BIST Repo-Reverse Repo Market at a limited amount over the overnight lending interest rate, by zeroing today.

Within the framework of the steps taken, it is expected that banks will be directed to the Late Liquidity Window (GLP) at certain amounts, and this step will enable the weighted average funding rate and BIST repo rates to increase rapidly.

At the Inflation Report press conference, CBRT Governor Murat Uysal stated that weighted average funding is in an upward trend. In this context, it is observed that the CBRT continues its tightening steps steadily.

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