tcmb speech, 2006-12-13
Excess liquidity, which was created by the Central Bank's purchases of government securities worth of YTL 14 billion from state-owned banks and banks transferred to the Savings Deposit Insurance Fund (SDIF) in order to meet their liquidity needs following the February 2001 crisis, as well as the intensive foreign exchange purchases during the 2003-2005 period, persisted in 2006.
Sentiment: neutral
Topic: mp_credit