Turkey Central Bank Sells Try3 Bıllıon In Repo Auctıon
The Turkish central bank Wednesday boosted market liquidity by selling 3 billion Turkish lira ($1.9 billion) in a repurchase agreement auction.
Bids totaled TRY4.070 billion. The average simple interest rate was 7.00%the average compound rate was 7.25%. The repo matures July 28.
At the last repo, held Tuesday, the central bank sold TRY2 billion at an average simple interest rate of 7.00%.
(SB-SB-ENG)
