The Central Bank of Turkey (CBRT) on Tuesday introduced new measures to limit the economic fallout from the novel coronavirus pandemic.

The steps aimed to back monetary transmission mechanisms, banks’ flexibility in liquidity management, uninterrupted credit flows to the corporate sector, and firms exporting goods and services.

Open Market Operations (OMO) portfolio can now be carried out in a front-loaded manner and limits may be revised depending on market conditions, the bank said.

“These operations are intended to enhance the effectiveness of the monetary transmission mechanism via increasing market depth, enabling sound asset pricing, and providing banks with flexibility in

Read more: Turkish Central Bank unveils new measures on COVID-19