Fundamental: Turkey Asks Banks to Charge at Least 40% on Currency Forwards

The Turkish central bank has asked local lenders to make forward contracts for hard currency more expensive, in a further effort to support the lira. Lenders were asked to charge a minimum 40% interest rate on dollar forward contracts, according to people with direct knowledge of the matter, who asked not to be named because the request wasn't public. ...     Alert Feb 16, 2023, 5:37pm Fundamental: Turkey Asks Banks to Charge at Least 40% on Currency Forwards The Turkish central bank has asked local lenders to make forward contracts for hard currency more expensive, in a further effort to support the lira. Lenders were asked to charge a minimum 40% interest rate on dollar forward contracts, according to people with direct knowledge of the matter, who asked not to be named because the request wasn't public. ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support