Turkey Central Bank Sells Try1 Bıllıon At 6.74% In Repo
Turkey's central bank Thursday boosted market liquidity by selling 1 billion Turkish lira ($656.8 million) in a repurchase-agreement auction.
Bids totaled TRY2.1 billion. The average simple interest rate was 6.74%the average compound rate was 6.97%.
The repo will mature April 8.
At the last repo, held Thursday, the central bank sold TRY1 billion at an average simple interest rate of 6.83%.
(SB-SB-ENG)
