Turkey Central Bank Sells Try1 Bıllıon At 7.02% In Repo
The Turkish central bank Monday boosted market liquidity by selling 1 billion Turkish lira ($647.5 million) in a repurchase agreement auction.
Bids totaled TRY3 . 160 billion . The average simple interest rate was 7 . 02%the average compound rate was 7 . 27% .
The repo matures May 24 .
At the last repo , held Friday , the central bank sold TRY4 billion at an average simple interest rate of 7 . 07% .
( YC-YC-E-ENG )