Turkey Central Bank Sells Try4 Bıllıon In Repo Auctıon
The Turkish central bank Friday boosted market liquidity by selling 4 billion Turkish lira ($2.6 billion) in a repurchase agreement auction.
Bids totaled TRY12.030 billion. The average simple interest rate was 7.00%the average compound rate was 7.25%. The repo matures July 23.
At the last repo, held Thursday, the central bank sold TRY2 billion at an average simple interest rate of 7.00%.
(SB-SB-ENG)