Type of Intervention: Financial markets and monetary policy
Level of Jurisdiction: National
Overview: The Central Bank of the Republic of Turkey lowered remuneration rates for required reserves in liras.
Decreased from 10% to 8% for banks with loan growth that meets regulatory changes from August 2019.
Decreased to zero for banks whose real credit did not grow according to regulatory changes from August 2019.
Full details here: https://www.bloomberg.com/news/articles/2020-03-16/the-fed-and-friends-what-central-banks-did-in-past-24-hours