Turkey Central Bank Sells Try5 Bıllıon At 7.00% In Repo
The Turkish central bank Thursday boosted market liquidity by selling 5 billion Turkish lira ($3.18 billion) in a repurchase agreement auction.
Bids totaled TRY12.7 billion. The average simple interest rate was 7.00%the average compound rate was 7.25%.
The repo matures May 27.
At the last repo, held Tuesday, the central bank sold TRY1 billion at an average simple interest rate of 7.06%.
(YC-YC-E-ENG)