Turkey Central Bank Sells Try 1 Bıllıon In Repo
The Turkish central bank Tuesday boosted market liquidity by selling 1 billion Turkish lira ($631 million) in a repurchase agreement auction.
Bids totaled TRY3.2 billion. The average simple interest rate was 7.00%the average compound rate was 7.25%.
The repo matures June 8.
At the last repo, held Monday, the central bank sold TRY1 billion at an average simple interest rate of 7.00%.
(SB-SB-ENG)