Turkish central bank raises lira deposits' reserve requirement ratios
ISTANBUL, Sept 21 (Reuters) -The Turkish Central Bank said on Saturday it had raised reserve requirement ratios for lira deposits to support macrofinancial stability and the monetary transmission mechanism.
The statement said the reserve requirement ratios for short-term lira deposits were increased to 15% from 12%, while the reserve requirement ratios for long-term lira deposits were raised to 10% from 8%.
Also, the ratio for lira-denominated required reserves that should be maintained for foreign currency deposits was reduced to 5% from 8%. The new ratios will be applied as of Sept. 27.
Reporting by Nevzat Devranoglu;
Writing by Daren Butler;
Editing by Diane Craft
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