Bankers: CBRT decided not to fund today due to unhealthy price formations, excessive price movements

Reuters quoted comments from some Turkish bankers, citing that the Turkish central bank (CBRT) decided not to fund on Monday due to unhealthy price formations and excessive price movements.

Additional Headlines:

• CBRT will meet banks' Lira liquidity needs at the overnight rate of 19.25% instead.
• CBRT may not use overnight funding today due to low lira liquidity needs though.
• CBRT move today could be the first step towards tightening policy through its interest rate corridor.