Turkish Central Bank injects 500mn lira via one month repo

ISTANBUL: Turkey's Central Bank injected 500 million lira ($278 million) in a one-month repo auction on Friday at an average simple rate of 5.04 percent, bank data showed.

Total bids for the repo, maturing on June 7, amounted to 2.2 billion lira.

The bank also injected 6.5 billion lira into the market in a one-week repo auction at a fixed simple rate of 5 percent. Bids stood at 14.151 billion lira for the repo, which will mature on May 17, the bank said.