Reklam Alanı
Reklam Alanı

CBRT: FX deposit RRs increases by 200 bps

Reklam Alanı
cbrt-fx-deposit-rrs-increases-by-200-bps-5fuIhZEL.jpg
Daha Fazla Göster
Reklam Alanı

According to the decree published in the Official Gazette, the CBRT increased the required reserve ratio for foreign currency deposits by 200 basis points. Changes to required reserves are as follows:

 

·        The required reserve ratio for FX deposits/participation funds was increased from 21% to 23% for up to one year, and from 15% to 17% for those with maturities of one year or longer.

·        The required reserve ratio for precious metal deposits was increased from 22% to 24% up to one year, and from 18% to 20% for those with a one-year or longer maturity.

·        The changes will take effect from 17 September.

 

Reklam Alanı

We will see the effect of the increase in RR primarily on the Central Bank reserves. Similar to the RR increase in July, with this move, which prioritizes managing foreign exchange liquidity and reserve adequacy, the amount of foreign currency deposits that will enter the CBRT accounts will have an increasing effect on the gross reserves side. In terms of the CBRT roadmap, we find it more appropriate to connect it with the financial stability factor (reserve accumulation, liquidity) rather than directly associating it with the interest rate decision or exchange rate levels (fight against inflation, price stability). In the regulation in July, the maximum rate of the possibility of establishing TRY required reserves in foreign currency (Reserve Option Mechanism – ROM) was reduced from 20% to 10%. This facility, which will be held in foreign currency, will be terminated in October. After this period, the priority of the arrangements to be made through the RR will be in the form of reserve accumulation. Although the effect of increase in gross reserves with the contribution of swap agreements, SDR and RR regulations recently seems positive in terms of reserve adequacy indicators (international reserve comparisons, short-term debt or import coverage adequacy), the short position in net reserves (financial fluctuations, public and private sector foreign exchange position, etc.) in terms of the fragility factor, we attach more importance to the strengthening of the net reserves.

 

We do not expect the Central Bank to change interest rates at its September 23 meeting. We can see the rate moves in the meetings to be held in the last quarter, and there may be limited reductions based on the inflation situation. In terms of limited rate cuts, we will monitor the October and later meetings.

Kaynak Tera Yatırım
Hibya Haber Ajansı

Kaynak: Hibya Haber Ajansı

0
mutlu
Mutlu
0
_zg_n
Üzgün
0
sinirli
Sinirli
0
_a_rm_
Şaşırmış
0
vir_sl_
Virüslü
Reklam Alanı

Tamamen Ücretsiz Olarak Bültenimize Abone Olabilirsin

Yeni haberlerden haberdar olmak için fırsatı kaçırma ve ücretsiz e-posta aboneliğini hemen başlat.

E-posta hesabınız yayımlanmayacak.

Giriş Yap

Reklam
Reklam
Uygulamayı Yükle

Uygulamamızı yükleyerek içeriklerimize daha hızlı ve kolay erişim sağlayabilirsiniz.

Giriş Yap

Haberolduk.com - Son Dakika Haberler ayrıcalıklarından yararlanmak için hemen giriş yapın veya hesap oluşturun, üstelik tamamen ücretsiz!

Porno Gratuit Porno Français Adulte XXX Brazzers Porn College Girls Film érotique Hard Porn Inceste Famille Porno Japonais Asiatique Jeunes Filles Porno Latin Brown Femmes Porn Mobile Porn Russe Porn Stars Porno Arabe Turc Porno caché Porno de qualité HD Porno Gratuit Porno Mature de Milf Porno Noir Regarder Porn Relations Lesbiennes Secrétaire de Bureau Porn Sexe en Groupe Sexe Gay Sexe Oral Vidéo Amateur Vidéo Anal