Turkiye's central bank targets 60% lira deposits in banks by mid-2023

Turkiye’s central bank said on Friday it aims to lift the share of lira deposits to 60% of all deposits in the banking system over the next six months, and vowed to continue using regulations to support access to credit.

Report informs via foreign media that lira deposits now account for 55% of the total, against 35% a year earlier

In its annual monetary policy report, the central bank said it was maintaining its long-held 5% medium-term inflation target, as the annual inflation rate begins edging down from a 24-year high above 85% in October.