Turkey's CB pumps US$882 mln into market

After USD's historic peak in January, the CB pumps US$882 million into market.

Turkey's CB pumps US$882 mln into market
World Bulletin / News Desk
 
Turkey's Central Bank injected US$882 million into the market on Monday, while offering a repurchase auction at a tender dated February 10, 2014.

The simple interest rate was set at 10 percent and the compound interest rate 10.51 percent.

Last Tuesday, the Central Bank more than doubled the borrowing rate from 3.5 percent to 8 percent and raised the lending rate from 7.75 percent to 12 percent.

Turkey's Central Bank injected US$4.4 billion into the market in a repurchase auction last Friday.

Last Mod: 03 Şubat 2014, 15:24
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