ANKARA, Feb 5 (Reuters) - Turkey's central bank said early on early Monday that it will introduce interest payments on required reserves involving lira and FX-protected lira deposits with maturities of more than one month.
In a statement, the bank said that it aims to strengthen the monetary transmission mechanism and to increase the share of Turkish lira deposits with this step.
The move came after Fatih Karahan was appointed as the new central bank governor following the resignation of Hafize Gaye Erkan. (Reporting by Nevzat Devranoglu and Huseyin Hayatsever; Editing by Lisa Shumaker)
