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Business & Finance

Turkish central bank will not use interest rate corridor or sell forex

  • The central bank's Twitter account quoted him as saying the bank will not buy or sell forex to determine an exchange rate.
Published December 25, 2020 Updated December 26, 2020
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By Reuters
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ANKARA: Turkey's central bank will not use its late liquidity window rate or an interest rate corridor as a replacement for its main policy tool in 2021, Governor Naci Agbal was quoted as saying by state-owned Anadolu news agency.

Agbal was speaking at a parliamentary commission.

The central bank's Twitter account quoted him as saying the bank will not buy or sell forex to determine an exchange rate.

He added that the bank will aim to increase its forex reserves in a transparent way.

Turkish central bank Twitter forex Naci Agbal

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