The Central Bank of Turkey (CBRT) on Friday announced new measures to mitigate the economic impact of the global coronavirus pandemic, making additional adjustments in its outright purchase operations, it said in a statement.

On March 31, the Central Bank declared that for a temporary period, it would purchase government domestic debt securities (GDDS) bought by primary dealer banks from the country’s unemployment insurance fund.

Primary dealer banks can also increase the liquidity facility offered under Open Market Operations (OMO).

Accordingly, the CBRT took additional measures to maintain market depth, strengthen the monetary policy transmission mechanism and support the

Read more: Turkish Central Bank takes new measures amid virus