The Central Bank has reduced the monthly growth limit for foreign currency loans to 1%.

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In the announcement made by the Central Bank of the Republic of Turkey regarding the macroprudential framework, it was reported that a change has been made in the reserve requirement application based on credit growth to ensure that the Bank's credit growth and composition are in line with the disinflation path.

MONTHLY GROWTH LIMIT REDUCED TO 1%

In the statement, it was mentioned that the monthly growth limit for foreign currency commercial loans, which was 1.5%, has been reduced to 1%, while the monthly growth limit for Turkish lira commercial loans has been differentiated to 2.5% for SME loans and 1.5% for other commercial loans.

The statement included, "Additionally, it has been decided that Turkish lira loans provided to SMEs with the support of KOSGEB or resources obtained from international development finance institutions for sustainability will be exempt from the credit growth limit."