Turkey Central Bank Sells Try1 Bıllıon At 6.83% In Repo
Turkey's central bank Wednesday boosted market liquidity by selling 1 billion Turkish lira ($649 million) in a repurchase-agreement auction.
Bids totaled TRY2.050 billion. The average simple interest rate was 6.83%the average compound rate was 7.06%.
The repo will mature March 31.
At the last repo, held Tuesday, the central bank sold TRY1 billion at an average simple interest rate of 6.82%.
(SB-SB-ENG)