"Turkey Tightens Bank Reserve Requirements to Curb Boom in Consumer Lending
By Steve Bryant - Jan 24, 2011 1:47 PM GMT+0200
Turkey’s central bank increased the amount of reserves banks must set aside against liabilities, as it seeks to restrain a credit boom.
The bank raised the reserve ratio to 12 percent for immediate-access deposits and 10 percent for accounts with terms of up to one month, according to an e-mailed statement from Ankara today. It’s the second increase in two months. Both rates were previously 8 percent. "
More:Turkey Tightens Bank Reserve Requirements to Curb Boom in Consumer Lending - Bloomberg
