Turkey has amended regulations to discourage investments in foreign currencies and support the lira. The central bank has increased costs for banks holding FX deposits and eased reserve requirements for certain foreign exchange-linked accounts. These changes come as policymakers seek to promote local currency savings and ensure effective rate transmission in the economy, following a benchmark increase to 45%. With interest rates on regular lira deposits decreasing, the bank has introduced an additional reserve ratio for FX accounts, now doubling to 8%.