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Turkey's central bank said on Thursday that it raised the interest rates on required reserves involving lira and FX-protected lira deposits to support the transition to lira deposits.
The central bank said the maximum interest rate on required reserves for lira deposits will be set at 80% of the policy rate.
The bank also said the maximum interest rate applied to required reserves of fx-protected lira deposits will be set at 60% of the policy rate. The bank left its policy rate at 50% on Thursday.
(Reporting by Nevzat Devranoglu; Writing by Ezgi Erkoyun; Editing by Daren Butler)