tcmb speech, 2006-12-13
Based on the information currently available, the level of the liquidity in the market in 2007- (i) The increase in base money,- (ii) Coupon and principal redemption by the Treasury to the Central Bank,- (iii) Treasury's foreign exchange debt payments financed by its domestic currency borrowing will have a lowering effect, while- (i) The Central Bank's net foreign exchange purchases,- (ii) Interest payments to be made by the Central Bank for reserve requirements and for excess liquidity absorbing transactions,- (iii) The decline in Treasury cash accounts with the Central Bank will have an increasing effect on liquidity.
Sentiment: neutral
Topic: mp_credit