Turkish Central Bank lowers growth limit for foreign currency loans
Bank reduces limit rate from 1% to 0.5% to support tight monetary stance
By Gokhan Ergocun
ISTANBUL (AA) - The Central Bank of the Republic of Türkiye took a step early Saturday to support its tight monetary stance by reducing the monthly growth limit for foreign currency loans.
The bank lowered the limit from 1% to 0.5%, according to a statement.
It also reduced the rate from 1.5% to 1% in January.
"The scope of foreign currency loans exempted from the growth limit has been narrowed," it said.
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