Press Release on Macroprudential Framework (2025-38)

No: 2025-38

June 21, 2025

Press Release on Macroprudential Framework

In order to strengthen the monetary transmission mechanism and support transition to the Turkish lira (TRY), the Central Bank of the Republic of Türkiye has made the following changes in the macroprudential framework:

• The growth targets for real-person TRY deposit shares have been increased for banks with a share below 60%, while a monthly growth target of 0.4 points has been introduced for banks with a share between 60% and 65%.
• The reserve requirement ratio for FX-protected deposit (KKM) accounts has been raised from 33% to 40%.
• The minimum interest rate applicable to KKM accounts has been reduced from 50% to 40% of the policy rate.
• The target for transition of KKM accounts to TRY has been abolished, while the total target for KKM renewals and transition to TRY has been maintained.
• Floating-rate TRY deposit accounts can now be opened with maturities longer than one month. Furthermore, the reserve requirement ratios for CPI-, PPI-, and TLREF-indexed deposits have been set at 10% for all maturities.
• The ratio for TRY-denominated required reserves that should be maintained for FX deposits has been reduced from 4% to 2.5%.

Contact

For further information, please send an e-mail to basin@tcmb.gov.tr.