Turkey Central Bank Sells Try4 Bıllıon In Repo
The Turkish central bank Tuesday boosted market liquidity by selling 4 billion Turkish lira ($2.5 billion) in a repurchase agreement auction.
Bids totaled TRY5 . 340 billion . The average simple interest rate was 7 . 00%the average compound rate was 7 . 25% .
The repo matures June 15 .
At the last repo , held Monday , the central bank sold TRY3 billion at an average simple interest rate of 7 . 00% .
( SB-SB-ENG )