Critical decisions for the markets

In its statement, the Central Bank announced that it has taken new measures in order to effectively operate in the financial markets. Information Note 1) Required liquidity will be provided to banks without limit by the Central Bank. 2) The commission rate of the intraday liquidity provided to the banks will be applied as zero. 3) In order to provide liquidity in Turkish lira, if needed, banks will be allowed to bring an unlimited amount of collateral foreign currency deposit. 4) The existing limits of approximately US $ 50 billion, which banks can also use to buy foreign exchange deposits, can be increased if required and improvements in terms of use (collateral and cost) will be possible. 5) All markets and systems (Electronic Fund Transfer and Electronic Securities Transfer) at the Central Bank will be kept open until transactions are completed. 6) Market depth and price formations will be closely monitored. 7) If deemed required, all necessary measures will be taken to sustain financial stability.