Turkey Central Bank Sells Try5 Bln At 6.79% In Repo
The Turkish central bank Friday boosted market liquidity by selling 5 billion Turkish lira ($3.23 billion) in a repurchase-agreement auction.
Bids totaled TRY12.67 billion. The average simple interest rate was 6.79%,the average compound rate was 7.02%.
The repo will mature Mar. 5.
At the last repo, held Thursday, the central bank sold TRY1 billion at an average simple interest rate of 6.78%.
(YC-YC-E-ENG)