Bloomberg News

Turkey Central Bank Increases One-Month Repo Funding Ceiling

January 24, 2012

Jan. 24 (Bloomberg) -- Turkey’s central bank will lend a maximum 20 billion liras to banks in one-month repo over the next four weeks, almost doubling the amount it lends from a previous 12 billion liras.

The central bank left the amount of one-repo it will sell over the next four weeks at 5.75 percent unchanged at between 3 billion liras and 7 billion liras compared with the previous period, it said in an e-mailed statement today.

The bank last lent 3 billion liras of one-month repo on Jan. 20 at an average annual rate of 11.34 percent. The central bank currently holds the auctions every Friday.

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net


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