CBRT Takes Liquidity Steps: Weekly Repo Funding Increased

The Central Bank of the Republic of Turkey (CBRT) has made adjustments to its liquidity facilities, taking into account developments in financial markets. The Bank decided to increase the amount of funding provided through weekly repo auctions. In this context, it was announced that banks' borrowing limits will be updated and collateral discount rates will be reduced. These steps are stated to be aimed at supporting liquidity conditions in the market. The CBRT's steps aim to facilitate financial institutions' access to funding and support market functioning. The increase in funding through weekly repo auctions may provide flexibility in meeting banks' short-term liquidity needs. The reduction in collateral discount rates will allow banks to use their collateral with the central bank more efficiently. With the update of borrowing limits, banks' funding capacities are expected to be readjusted. Not investment advice.

📊 AKBNK — Piyasa Yorumu

▼ down · 60%

The Central Bank of the Republic of Turkey's (CBRT) increase in weekly repo funding may provide liquidity to the market and have a mixed impact on banking stocks in the short term. However, AKBNK's 6.25% decline to 65.2 TL in the last 24 hours and the RSI14 at 26.4, in oversold territory, technically indicate that reaction buying may come. The MACD remaining below the signal line in negative territory and the price significantly below the SMA20 (68.6) and SMA50 (71.2) averages suggest that the short-term downtrend may continue. The news being liquidity-focused is far from generating a strong direct buy signal for bank stocks; the current technical weakness appears dominant. Therefore, I assess that downside risk persists in the 1-3 day horizon, but the sharp decline may be limited due to oversold conditions.

RSI 14

26.4

MACD

-2.11

24h Δ

-6.25%

📊 GARAN — Piyasa Yorumu

■ neutral · 55%

GARAN stock closed at 120.9 TL, down 5.4% in the last 24 hours, with RSI14 at 15.2, placing it in oversold territory. The Central Bank of Turkey's increase in weekly repo funding may provide liquidity to the markets and support banking stocks, but this move may already be priced in. Technical indicators are weak: MACD is below the signal line and the price is well below the 20 and 50-day moving averages. Although oversold conditions suggest a short-term rebound, the overall downtrend and limited impact of the news make the direction uncertain. Therefore, I forecast a neutral outlook for the next 1-3 days.

RSI 14

15.2

MACD

-3.46

24h Δ

-5.40%

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