Turkey Central Bank Sells Try2b Up To 3-month Repo At 7.77%
The Turkish central bank Friday boosted market liquidity by selling 2 billion Turkish lira ($1.3 billion) in a repurchase agreement auction of up to three months' maturity.
Bids totaled TRY5.005 billion. The average simple interest rate was 7.77%the average compound rate was 8.00%.
The repo will mature October 15.
At the last three-month repo, held June 18, the central bank sold TRY2 billion at an average simple interest rate of 7.82%.
(SB-SB-ENG)