Turkey Central Bank Sells Try1.965 Bıllıon At 7.00% In Repo
The Turkish central bank Thursday boosted market liquidity by selling 1.965 billion Turkish lira ($1.25 billion) in a repurchase agreement auction.
Bids totaled TRY1 . 9 billion . The average simple interest rate was 7 . 00%the average compound rate was 7 . 25% .
The repo matures June 3 .
At the last repo , held Wednesday , the central bank sold TRY1 billion at an average simple interest rate of 7 . 00% .