The CBRT gears up for QE

TURKEY - Report 31 Mar 2020 by Murat Ucer

In the face of rapidly worsening economic activity, the CBRT introduced a new set of measures today, which essentially gives the Bank new ways of providing TL liquidity by way of expanding the size of its government securities portfolio, and the range of securities acceptable as collateral (see items 1-3 here). The other measures, which basically extend/amend the existing swap facilities and the export rediscount scheme (items 4-5), are arguably less dramatic or important.

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