Turkey Central Bank Sells Try1 Bıllıon At 6.82% In Repo
Turkey's central bank Thursday boosted market liquidity by selling 1 billion Turkish lira ($656 million) in a repurchase-agreement auction.
Bids totaled TRY3.400 billion. The average simple interest rate was 6.82%the average compound rate was 7.06%.
The repo will mature March 25.
At the last repo, held Wednesday, the central bank sold TRY2 billion at an average simple interest rate of 6.82%.