The Turkish Central Bank said on Tuesday it had set the monthly growth limit for lira commercial loans at 2.5%, down from a previous 3%, excluding export, investment and agriculture loans, to complement steps taken in a policy simplification process.
by 250 basis points to 17.5%, continuing to reverse President Tayyip Erdogan's low-rates policy as it promised more tightening.
Among the steps, a reserve requirement ratio of 15% on FX-protected accounts was announced on July 21. The monthly maximum interest rate applied to credit card cash utilization and overdraft accounts was raised to 2.89% to control inflation and balance domestic demand, it also said.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Nigerian central bank adds NFC upgrade to eNaira for contactless paymentsAdoption challenges have persisted since Nigeria launched the eNaira in 2021, prompting innovative features like NFC tech and programmability to boost usage.
Leer más »
Oil rally takes a breather ahead of Fed and European Central Bank rate hikesInvestors have priced in quarter-point hikes from the Federal Reserve and European Central Bank, so focus will be on what will be said about future rate hikes.
Leer más »
S&P500 Futures, yields aptly portray cautious mood ahead of key data, central bank announcementsS&P500 Futures, yields aptly portray cautious mood ahead of key data, central bank announcements – by anilpanchal7 SP500 YieldCurve Fed PMI RiskAversion
Leer más »
Forex Today: PMI surveys kickstart all-important central bank weekForex Today: PMI surveys kickstart all-important central bank week – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
Leer más »
Key question as Federal Reserve meets: Can the central bank pull off a difficult 'soft landing'?When Chair Jerome Powell and other Federal Reserve officials gather this week for their latest decision on interest rates, they will do so on the cusp of achieving an elusive “soft landing” — the feat of curbing inflation without causing a deep recession
Leer más »
Key question as Federal Reserve meets: Can the central bank pull off a difficult ‘soft landing’?When Chair Jerome Powell and other Federal Reserve officials gather this week for their latest decision on interest rates, they will do so on the cusp of achieving an elusive “soft landing” — the feat of curbing inflation without causing a deep recession.
Leer más »