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According to the Bank’s statement, within the framework of simplifying the operational framework of monetary policy, the financing provided by the Central Bank through repo auctions of the traditional method maturing in one month and late liquidity window opportunities (GLP) , as of November 20, 2020, it is carried out through auctions of a one-week repo amount, the main monetary policy tool of the Central Bank. will begin to be done.
In the area of liquidity management, in order to limit the volatility that may occur in overnight interest rates in the secondary market and ensure a balanced distribution of liquidity on weekdays, the interest rate of overnight loans for a week from November 20, 2020 to November 26, 2020 (including these dates) is the policy interest rate. It will be applied as 15.
Those that can borrow at the interest rate of the Central Bank loans, within the limits of one-day indebtedness in force on August 17, 2020 in the Interbank Monetary Market of the Central Bank and in the Repo-Reverse Repo Markets and Transactions Contracted within the BIST, if the banks need during the transition period and later, the formation of excess liquidity. In the case of the situation, they may grant loans to the Central Bank at the Central Bank interest rate without limit.
In addition, all banks will be able to benefit from the overnight repo facility, which is carried out using the listing method at the interest rate of Central Bank loans, in exchange for the lease certificate called TL issued by HMVKŞ.
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