Turkey Central Bank Sells Try1.950 Bıllıon In Repo
The Turkish central bank Wednesday boosted market liquidity by selling 1.950 billion Turkish lira ($1.21 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 16.
At the last repo, held Tuesday, the central bank sold TRY4 billion at an average simple interest rate of 7.00%.