Turkey Central Bank Sells Try5 Bıllıon In Repo
The Turkish central bank Friday boosted market liquidity by selling 5 billion Turkish lira ($3.16 billion) in a repurchase agreement auction.
Bids totaled TRY17.880 billion. The average simple interest rate was 7.00%the average compound rate was 7.25%.
The repo matures June 11.
At the last repo, held Thursday, the central bank sold TRY2 billion at an average simple interest rate of 7.00%.
(YC-YC-E-ENG)