Turkey Central Bank Sells Try2 Bıllıon In Repo Auctıon
-The Turkish central bank Tuesday boosted market liquidity by selling 2 billion Turkish lira ($1.32 billion) in a repurchase agreement auction.
Bids totaled TRY2.750 billion. The average simple interest rate was 7.00%the average compound rate was 7.25%. The repo matures Aug. 3.
At the last repo, held Monday, the central bank sold TRY1 billion at an average simple interest rate of 7.00%.
(YC-YC-E-ENG)