Turkey Central Bank Sells Try3 Bıllıon At 6.83% In Repo
Turkey's central bank Tuesday boosted market liquidity by selling 3 billion Turkish lira ($1.95 billion) in a repurchase-agreement auction.
Bids totaled TRY4.300 billion. The average simple interest rate was 6.83%the average compound rate was 7.06%.
The repo will mature April 6.
At the last repo, held Monday, the central bank sold TRY1 billion at an average simple interest rate of 6.84%.
(YC-YC-E-ENG)