Turkish Treasury and Finance Minister Mehmet Şimşek said Türkiye's central bank's (TCMB) steps on SME loans and reserve requirements will ease SMEs' access to finance. The growth limit for SME loans was raised from 4.5% to 5%.
In a post on his social media account, Şimşek said blocked reserve ratios for Turkish lira reserve requirements were lowered. He said they resolutely maintained a targeted and selective approach that takes the disinflation process into account.