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 firstname.lastname@example.org
To contact the editor responsible for this story: Mark Bentley at email@example.com