Turkish Central Bank boosts swap auction limit

By Murat Birinci

ANKARA (AA) – The Turkish Central Bank on Friday boosted its lira swap sale limits from 40% to 50%, according to banking sources on Friday.

The bank increased the limit of the swap auctions in the Turkish Lira Swap Market for Foreign Exchange, as per a directive it sent to lenders.

Thus, the banks' flexibility in Turkish lira and foreign currency liquidity management will have further increased.

The decision will be implemented starting May 27.

*Written by Aysu Bicer