Turk reserve rate move to cut liquidity by 2.1 bln lira-CB

ISTANBUL, Nov 12 (Reuters) - The Turkish Central Bank said on Friday its hike in the lira reserve requirement rate to 6 percent from 5.5 percent will reduce market liquidity by 2.1 billion lira ($1.5 billion) as of Nov 26. The bank said in a statement it raised the rate after taking into account recent loan growth in Turkey. The hike in the rate was announced earlier on Friday. ($1=1.44 Turkish Lira) Keywords: TURKEY CBANK/LIQUIDITY (daren.butler@reuters.com; +90 212 350 7057; Reuters Messaging: daren.butler.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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