It was decided to reduce the security facility rate applied to liabilities subject to security facility from 4% to 1%, and to terminate the practice of securities facility based on credit growth.
The Central Bank of the Republic of Turkiye (CBRT) plans to finalize the regulation regarding the securities facility in the near future.
In the CBRT’s announcement regarding the simplification in the macroprudential framework, it was stated that the CBRT continues to simplify macroprudential policies in a way that preserves the functionality of the market mechanism and macro financial stability.
In the announcement, “Within the scope of the regulation regarding the security facility, it has been decided to reduce the security facility rate applied to the liabilities subject to the security facility from 4% to 1%, and to terminate the practice regarding the security facility based on credit growth. The said regulation is planned to be terminated in the near future.”
Source: AA / Prepared by Irem Yildiz
