Press Release on Macroprudential Framework (2024-68)

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No: 2024-68

December 20, 2024

Press Release on Macroprudential Framework

To support the decline in the FX-protected deposit (KKM) balance, the Central Bank of the Republic of Türkiye has decided to take the following steps:

  • The total target for KKM accounts’ transition to TRY and renewals has been reduced from 70% to 60%.
  • The minimum interest rate applicable to KKM accounts has been reduced from 70% to 50% of the policy rate.
  • The remuneration of reserve requirements maintained for KKM accounts has been terminated for new KKM accounts or for those to be renewed.

 

Contact 

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

Press Release on Macroprudential Framework (2024-68)