Turkish cenbank total reserves rise to more than $141 bln -bankers

The Turkish Central Bank's total reserves rose more than $1 billion last week to a record exceeding $141 billion, four bankers' calculations showed on Tuesday, sustaining an uptrend after it adopted more orthodox monetary policy following May elections.

The central bank has raised interest rates by 3,150 basis points since June, when President Tayyip Erdogan appointed former Wall Street banker Hafize Gaye Erkan as its governor. It has hiked its policy rate by 500 points in each of the last three months.

The central bank did not comment on the reserves figures. The official data will be released on Thursday.