Regulatory Alerts2026-07-23
Added
Summary of the Monetary Policy Committee Meeting (2026-32)
The Central Bank of the Republic of Türkiye (CBRT) terminated the additional Turkish lira reserve requirement ratio for FX deposits/participation funds, which was previously applied at 2.5%. Concurrently, the CBRT increased foreign currency deposits/participation funds’ reserve requirement ratios by 2 percentage points, setting them at 32 percent for demand deposits and deposits with maturities up to 1 month, and 28 percent for longer maturities. Additionally, the Monetary Policy Committee decided to keep the policy rate (one-week repo auction rate) at 37 percent, while maintaining the Central Bank overnight lending rate at 40 percent and the overnight borrowing rate at 35.5 percent.
Topics
monetary
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