Turkish Central Bank boosts swap auction limit

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The Turkish Central Bank on May 22 boosted its lira swap sale limits from 40% to 50%, according to banking sources.

The bank increased the limit of the swap auctions in the Turkish Lira Swap Market for Foreign Exchange, as per a directive it sent to lenders.

Thus, the banks’ flexibility in Turkish lira and foreign currency liquidity management will have further increased.

The decision will be implemented starting May 27.

Hurriyet Daily News

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