07 March 2020 – Lowered remuneration rates for required lira reserves

Intervention Categories: Finance policy and financial aid; Monetary and macro-financial policy
Level of Jurisdiction: National

Overview: The Central Bank of the Republic of Turkey lowered remuneration rates for required reserves in liras.

Decreased from 10% to 8% for banks with loan growth that meets regulatory changes from August 2019.

Decreased to zero for banks whose real credit did not grow according to regulatory changes from August 2019.
Full details here: https://www.bloomberg.com/news/articles/2020-03-16/the-fed-and-friends-what-central-banks-did-in-past-24-hours