Turkish Central Bank lowers reserve requirement ratios

By Tuba Sahin

ANKARA (AA) - The Turkish Central Bank on Tuesday cut reserve requirement ratios to provide more liquidity in domestic markets.

Turkish lira reserve requirement ratios was lowered from 6% to 5% and will be effective from July 10.

Showing the minimum amount of reserves that local banks must hold at the Central Bank, the reserve requirement ratios are determined by the Central Bank to manage the liquidity in local markets.