PodcastTurkish Central Bank raises swap auction limit
The Turkish Central Bank on Nov. 26 increased its lira swap sale limits from 50 percent to 60 percent.
Anadolu Agency
The Turkish Central Bank on Nov. 26 increased its lira swap sale limits from 50 percent to 60 percent.
The bank raised the swap auctions limit in the Turkish Lira Swap Market for Foreign Exchange.
Previously, the bank had increased the limit from 40 percent to 50 percent in May. The limit has been increasing gradually since last April from 20 percent.
Heavy reliance on swaps decreasing confidence in Turkish economy, says TÜSİAD chairEconomy