Nov. 25 (Bloomberg) -- Turkey’s central bank will regularly announce the minimum funding it will provide banks via one-week repo at its benchmark rate of 5.75 percent to help banks’ liquidity management and funding cost estimates.
The central bank in Ankara will make the announcement every two weeks on a Friday, matching the period for banks’ reserve requirements, it said in an e-mailed statement today. The bank will lend a minimum of 20 billion liras for between Nov. 25 and Dec. 8, it said.
The bank said it may lend less than the minimum amount in case of “important changes in liquidity conditions.”
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