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Turkish central bank raises forex reserve requirement ratios by 100 basis points

Fri, 20th Sep 2019 17:31

ISTANBUL, Sept 20 (Reuters) - Turkey's central bank said onFriday it raised the reserve requirement ratios for forexdeposits and participation funds by 100 basis points for allmaturity brackets to support financial stability.

It said in a statement that the move would result in thewithdrawal of approximately $2.1 billion of forex liquidity fromthe market. The revised ratios will be effective from thecalculation period of 20 Sept. 2019 with the maintenance periodstarting on 4 Oct. 2019, the bank said.(Reporting by Ece Toksabay; Writing by Ali KucukgocmenEditing by Chizu Nomiyama)

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