Turkey’s central bank slashed the minimum amount of lending it will make to banks over one week in a signal that it may tighten monetary policy.

The central bank will lend a minimum of one billion liras in one-week repurchase agreements at its lowest funding rate of 5.75 percent between today and May 24. That compares with the minimum 9 billion liras it announced for the preceding two weeks.

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net