.
.
.
.

Coronavirus: Turkish central bank doubles debt purchase limit for 2020

Published: Updated:

Turkey's central bank on Friday doubled its effective limit on asset purchases this year, as the bank hinted it would do last month, as a measure to backstop financial markets in the face of the coronavirus fallout.

In a statement, the bank said asset purchases this year could be up to 10 percent of its total assets, up from 5 percent.

The central bank also added a new limit on primary dealers' ability to sell government debt to it.

Read more:

Erdogan: Turkey will overcome coronavirus in 2-3 weeks

Coronavirus: Turkey bans citizens from leaving home for 48 hours

Coronavirus: Erdogan rejects Turkish minister’s resignation after lockdown criticism