Turkey's central bank is set to adjust a tool it introduced this summer to ...
ANKARA - Turkey’s central bank is set to adjust a tool it introduced this summer to boost lending in specific sectors of the recession-hit economy, starting by tweaking reserve requirements to squeeze more credit from lenders, two people familiar with the matter said.
The central bank is set to sign off on the changes, they said, requesting anonymity due to the sensitivity of the matter. A higher ceiling would help preserve the benefits for state banks on which the government has leaned to drive lending but which risk losses on their aggressive credit extension.“Loan extensions need to seriously increase. Most private banks have not been taking the necessary initiative to extend loans until now,” one of the sources said.
Such lending incentives could risk a rebound in inflation, which dipped below 10% last month after having soared above 25% last year.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stop! Washing your Thanksgiving turkey could spread germs“If your mother did it and your grandmother did it, and suddenly the (government) says not to wash your turkey, you may take some time to adjust,” said Drusilla Banks, who teaches food sanitation for the University of Illinois Extension. Germs that can make people sick are common in the guts of healthy
Read more »
Food Safety Tips for your Holiday TurkeyFood Safety Tips for Your Holiday Turkey Handling poultry (chickens and turkey) incorrectly and undercooking it are the most common problems that lead to foodborne disease outbreaks linked to poult…
Read more »
Turkey pardon 2019: Trump pardons Bread or Butter - and make impeachment jokesTrump has used the turkey pardon ceremony in the past to make jokes about his political opponents. This year&39;s turkeys are named Bread and Butter.
Read more »
Some Thanksgiving menus: Turkey, with a side of impeachmentSome people heading to Thanksgiving gatherings predict that it’s not just the turkey that will get roasted
Read more »