Turkiye’s central bank tightens loan-growth limits for FX loans, overdraft accounts

ISTANBUL: Turkiye’s central bank on Saturday tightened growth limits for lenders on foreign-currency loans and consumer overdraft accounts as it seeks to reinforce its tight monetary stance.

The bank said in a statement that it had reduced the eight-week growth limit for foreign-currency loans to 0.5% from 1% while introducing a growth limit of 2% on consumer overdraft accounts in line with the reserve requirement practice.

It said the measures aim to strengthen macro-financial stability and support the impact of its tight policy framework.