Central Bank reserves at lowest level in 4 months
Original headlineMerkez Bankası rezervleri 4 ayın en düşük seviyesinde
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The Central Bank of Turkey’s total reserves fell by $4.084 billion week-on-week to $158.107 billion in the week to October 30, the lowest level since June 26. The decline underscores continued pressure on the central bank’s buffers and its capacity to defend the lira. Investors will watch upcoming weekly reserve data and any shift in the central bank’s FX policy for signs of stabilization.
Muhabbit's AI wrote this summary in its own words from Ekonomim's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Merkez Bankası