Press Release on the Macroprudential Policy Framework (2023-54)

No: 2023-54

21 December 2023

Press Release on the Macroprudential Policy Framework (2023-54)

The Central Bank of the Republic of Türkiye (CBRT) continues to simplify the existing micro- and macroprudential framework to increase the functionality of market mechanisms and strengthen macro financial stability. Accordingly, the securities maintenance ratio for foreign exchange liabilities will be reduced from 5% to 4%.  

In addition, the implementation regarding securities maintenance based on loan growth, which was to be terminated on 29 December 2023, will be extended for six months. 

In order to mitigate the adverse effects of the earthquake, loans extended to the earthquake zone will continue to be exempt from the securities maintenance requirement until June 2024.

As part of the policies prioritizing Turkish lira deposits, the CBRT will continue to take steps to support Turkish lira deposits. 

Contact

For further information, you may send an e-mail to basin@tcmb.gov.tr.