Turkey's central bank took fresh steps on Sunday in line with its goals to increase functionality of market mechanisms, after it hiked rates to 15% from 8.5% this week.
Turkey's securities maintenance regulation has been simplified to increase the functionality of market mechanisms and strengthen macro financial stability, the Turkish central bank said on Sunday.
According to an announcement in the country's Official Gazette, the securities maintenance ratio that Turkish banks are required to allocate to their foreign currency deposit has been reduced to 5% from 10%.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MasterClass Is Offering 15% off Its Yearly Subscription For Any PlanMasterClass's programs are taught by some of the most influential people in their fields — here's how to save on your subscription. RSRecommends
Read more »
Troopers highlight 'disturbing' road rage statistics after arresting suspect in I-15 shootingAlthough Utah doesn't define road rage in state law, investigators generally consider actions like aggressive maneuvers toward another person or vehicle or brandishing firearms as road rage.
Read more »
3 arrested in alleged gang-related slaying of 15-year-old Santa Rosa boyA 23-year-old man and two teens have been arrested in connection with an alleged gang-related shooting in Santa Rosa, that claimed the life of a 15-year-old boy, according to police.
Read more »
Semi rolls over, spills load of rebar into I-15 median in Iron CountyA driver escaped injury Wednesday in a semitruck rollover on I-15 near Beaver.
Read more »
15 Lower Merion High School teens take over Narberth ice cream shop for summerThis is just a temporary lease on the Haverford Avenue space, which is being torn down later this year to make way for an apartment building.
Read more »