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(AFX UK Focus) 2008-11-20 09:14 Turkish C.Bank-lengthens forex depo period to 1 mth (Interactive Investor)

20th November 2008

(AFX UK Focus) 2008-11-20 09:14 Turkish C.Bank-lengthens forex depo period to 1 mth (Interactive Investor)

posted in News |

ISTANBUL, Nov 20 (Reuters) - The Turkish Central Bank said on Thursday it would extend the period of lending in the foreign exchange depo market to one month from one week as of Friday, in a bid to boost liquidity. It added it had cut forex depo lending rates to 7 percent from 10 percent for the dollar, and to 9 percent from 10 percent for the euro. (Reporting by Daren Butler)

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