ISTANBUL: Turkiye central bank said on Wednesday that it lowered banks’ lira commercial loan and general purpose loan monthly growth limit to 2% within the scope of the loan growth-based securities maintenance practice.

The central bank said in a statement growth limit adjustments were made from earlier 2.5% and 3%, respectively, to reinforce its commitment to a tight monetary policy stance.

Turkish central bank keeps policy rate unchanged as expected

The central bank also said work was being done to introduce reserve requirements based on loan growth to enhance the effectiveness of measures RBR.