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Sunday, December 19, 2010

UPDATE 4-Turkey raises reserve requirements to curb hot money | Reuters

"UPDATE 4-Turkey raises reserve requirements to curb 'hot money'

By Daren Butler and Asli Kandemir

ISTANBUL, Dec 17 (Reuters) - Turkey's central bank said on Friday it was raising banks' short-term lira reserve requirements and lowering long-term ratios to extend maturities in the banking system, in a further attempt to curb 'hot money' inflows."

More:UPDATE 4-Turkey raises reserve requirements to curb hot money | Reuters