The Turkish Central Bank has raised the growth limits for certain loans.
The Turkish Central Bank has raised growth limits for selected consumer and corporate loans, the bank said in a statement.
The bank said the measures were designed to support macrofinancial stability and strengthen the monetary transmission mechanism.
The eight-week growth limit for general-purpose consumer loans was increased to 3.5 percent from 3 percent. The limit for vehicle loans extended to consumers was also raised to 3.5 percent from 3 percent.
For Turkish Lira loans extended to small and medium-sized enterprises, the limit was increased to 5.5 percent from 5 percent.
The corresponding limit for lira-based loans extended to non-SME companies was raised to 2.5 percent from 2 percent.
The Central Bank also decided to provide lira remuneration on required reserves maintained by banks and financing companies for non-deposit liabilities denominated in liras and foreign currencies with maturities of more than one year.
