Turkey Central Bank Sells Try910 Mıllıon In Repo Auctıon
The Turkish central bank Thursday boosted market liquidity by selling 910 million Turkish lira ($596.2 million) in a repurchase agreement auction.
Bids also totaled TRY910 million. The average simple interest rate was 7.00%the average compound rate was 7.25%. The repo matures July 29.
At the last repo, held Wednesday, the central bank sold TRY3 billion at an average simple interest rate of 7.00%.
(SB-SB-ENG)