Turkish central bank injects 5bn lira in one-month repo auction

ISTANBUL: Turkey's Central Bank injected 5 billion lira ($2.82 billion) in a one-month repo auction on Friday. Total bids amounted to 18.350 billion lira and the average simple rate was 9.34 percent on the repo, which will mature on April 6.

The bank also injected 7 billion lira into the market on Friday in a one-week repo auction at a fixed simple rate of 5.75 percent. Total bids were 28.369 billion lira. The repo will mature on March 16, central bank data showed.

In total, the central bank decreased on Friday the total weekly stock funding amount to 25 billion lira from 29 billion lira a week earlier while it maintained the monthly stock funding at 22 billion lira.