Turkısh Central Bank Sells Try500 Mıllıon At 6.91% In Repo
The Turkish central bank Monday boosted market liquidity by selling 500 million Turkish lira ($338.9 million) in a repurchase agreement auction.
Bids totaled TRY1 . 99 billion . The average simple interest rate was 6 . 91%the average compound rate was 7 . 15% .
The repo matures May 3 .
At the last repo , held Friday , the central bank sold TRY500 million at an average simple interest rate of 6 . 89% .
( SB-SB-ENG )