ANKARA (Reuters) – Turkey’s central bank will not use its late liquidity window rate or an interest rate corridor as a replacement for its main policy tool in 2021, Governor Naci Agbal was quoted as saying by state-owned Anadolu news agency.
Agbal was speaking at a parliamentary commission. The central bank’s Twitter account quoted him as saying the bank will not buy or sell forex to determine an exchange rate.
He added that the bank will aim to increase its forex reserves in a transparent way.
Reporting by Ali Kucukgocmen; Editing by Ece Toksabay