Turkey Central Bank Sells Try2 Bln At 6.76% İn Repo

The Turkish central bank Monday boosted market liquidity by selling 2 billion Turkish lira ($1.32 billion) in a repurchase agreement auction.

The Turkish central bank Monday boosted market liquidity by selling 2 billion Turkish lira ($1.32 billion) in a repurchase agreement auction.



Bids totaled TRY6.720 billion. The average simple interest rate was 6.76% and the average compound rate was 6.98%.



The repo will mature Feb. 15.



At the last repo, held Feb. 5, the central bank sold TRY5 billion at an average simple interest rate of 6.76%.