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Turkey Revises Required Reserve Rule to Help Boost Loan Growth

Economy

Turkey Revises Required Reserve Rule to Help Boost Loan Growth

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The Turkish central bank will allow lenders with real loan growth rates of more than 15% to hold fewer reserves through the end of the year.

The policy maker temporarily suspended a rule that barred these banks from taking advantage of the incentive, it said in a statement on its website on Saturday.

The decision was taken to “provide banks with flexibility in meeting loan demand specific to this period,” it said.

Source: Bloomberg

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