Turkey Central Bank Sells Try5 Bln At 6.78% 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 TRY12.4 billion. The average simple interest rate was 6.78%,the average compound rate was 7.02%.
The repo will mature March 12.
At the last repo, held Thursday, the central bank sold TRY1 billion at an average simple interest rate of 6.79%.
(YC-YC-E-ENG)