Turkısh Central Bank Sells Try2b Up To 3-mo Repo At 7.51%
The Turkish central bank Friday boosted market liquidity by selling 2 billion Turkish lira ($1.3 billion) in a repurchase agreement auction of up to three months' maturity.
Bids totaled TRY8 billion. The average simple interest rate was 7.51%the average compound rate was 7.72%.
The repo will mature June 18.
At the last three-month repo, held March 5, the central bank sold TRY2 billion at an average simple interest rate of 7.47%.