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Business & Finance

Turkish banks use around 30.6bn lira from central bank's late liquidity window

ANKARA: Turkish banks have used around 30.
Published January 19, 2017 Updated January 19, 2017 05:01pm

imageANKARA: Turkish banks have used around 30.6 billion lira ($8 billion)from central bank's late liquidity window at 10 percent, central bank data showed on Thursday.

Earlier this week, the Turkish central bank started removing the 8.5 percent funding quotation on Borsa Istanbul after providing some funding, forcing banks to borrow using its "late liquidity window" at 10 percent, bankers said.

Copyright Reuters, 2017

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