Turkey Central Bank Sells Try4 Bıllıon In Auctıon
The Turkish central bank Friday boosted market liquidity by selling 4 billion Turkish lira ($2.58 billion) in a repurchase agreement auction.
Bids totaled TRY11.110 billion. The average simple interest rate was 7.07%the average compound rate was 7.32%.
The repo matures May 14.
At the last repo, held Thursday, the central bank sold TRY2 billion at an average simple interest rate of 7.02%.
(YC-YC-E-ENG)