tcmb decision, 2016-01-10
As stated in the paragraph 20 of the Monetary and Exchange Rate Policy for 2016 document published on December 9th 2015, “The increase in the ratio of the FX collateral that can be pledged by banks within the CBRT against their borrowings from the CBRT Interbank Money Market is expected to boost the demand for FX-denominated bonds issued abroad by the Treasury.
Sentiment: neutral
Topic: mp_credit