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Business & Finance

Turkish central bank says to hold 1.5bn lira one month repo auction

Published March 15, 2013 Updated March 15, 2013 09:27am
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By Shoaib Ur Rehman
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turkish-bankISTANBUL: Turkey's central bank will hold a one-month repo auction on Friday, maturing on April 12, with a volume of 1.5 billion lira ($829 million), bank data showed.

The bank also said it will hold a one-week repo auction with a volume of 6.5 billion lira, maturing on March 22.

The one-month repo auction will be held by the standard auction method, according to which banks tell the central bank the amount they want and the interest rate they are ready to pay.

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