Turkısh Central Bank Sells Try1 Bln At 6.97% In Repo
The Turkish central bank Thursday boosted market liquidity by selling 1 billion Turkish lira ($665.6 million) in a repurchase agreement auction.
Bids totaled TRY3.42 billion. The average simple interest rate was 6.97%the average compound rate was 7.21%.
The repo matures May 6.
At the last repo, held Wednesday, the central bank sold TRY1.5 billion at an average simple interest rate of 6.95%.
(YC-YC-E-ENG)